Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

  • Industry News
  • May 17,24
Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.
Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing

Dixon Technologies (India) has announced the signing of a Memorandum of Understanding (MoU) with Acerpure Indian CE for the manufacturing of a range of consumer appliance products. Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.

Under the agreement, Dixon Technologies will undertake the manufacturing of Acerpure products in its facilities, starting with state-of-the-art TVs, subject to the signing of definitive agreements. 

Sunil Vachani, Executive Chairman, Dixon Technologies, said, “The introduction of Acerpure and our expanded collaborative efforts represent a significant stride towards enhancing India's self-sufficiency and global competitiveness in the electronics sector. Aligned with the 'Make in India' initiative, our goal is to manufacture premium consumer products for both domestic and international markets, thereby stimulating economic growth and fostering innovation while nurturing local talent. This partnership highlights our unwavering commitment to delivering high-quality, Made in India products, marking a notable milestone in our relentless pursuit of excellence."

Harish Kohli, President & MD, Acer India, said, “Through this collaboration with Dixon Technologies, we are poised to usher in a wave of locally manufactured products, aligning seamlessly with the Make in India initiative. This partnership embodies our shared vision of fostering economic growth and technological advancement within the nation. Together, we look forward to crafting cutting-edge solutions that resonate with the diverse needs and aspirations of Indian consumers, empowering them to embrace a brighter, technologically enriched future."

In the financial results for Q4 FY24, Dixon Technologies reported a 20.68% rise in consolidated net profit to Rs 973 million compared to Rs 806.2 million in Q4 FY23. The revenue from operations also saw significant growth, increasing by 51.95% to Rs 46,579.7 million for the quarter ended March 31, 2024.

Dixon Technologies (India) has transformed from a manufacturer of electronic goods to a leading multi-product company with diverse activities. Its core business activity revolves around the manufacturing of electronics. On Thursday, May 16, 2024, the company's stock rose by 1.95% to end at Rs 8,254.70.
(Source: Business Standard)

Related Stories

Auto & Auto Components
Kinetic Communications opens automated controller manufacturing line in Pune

Kinetic Communications opens automated controller manufacturing line in Pune

The new advanced automated controller line in Pune leverages Industry 4.0 technology to drive high-speed, precision manufacturing for next-generation smart EV electronics.

Read more
Electrical & Electronics
Aimtron Secures Rs 1 bn ODM Deal with Leading US Infrastructure Firm

Aimtron Secures Rs 1 bn ODM Deal with Leading US Infrastructure Firm

Aimtron, an Electronics System Design and Manufacturing (ESDM) company, has signed a Rs 975.5 million ODM deal with a US infrastructure leader to develop advanced, transformer-free UPS systems for g..

Read more
Electrical & Electronics
Will solar manufacturing glow in India as renewable energy demand surges?

Will solar manufacturing glow in India as renewable energy demand surges?

While India has successfully increased domestic solar module production, import of solar cells remains high. As India plans to add 60-65 GW of solar capacity, will it be a sunshine moment for solar ..

Read more

Related Products

Geared Electric Motors

ELECTRICAL & ELECTRONIC EQUIPMENT

Delco Fans Pvt Ltd offers single phase capacitor run and three phase geared Instrument motors, totally enclosed face/foot mounted.

Read more

Request a Quote

78 Series Din Rail Terminal Blocks

ELECTRICAL & ELECTRONIC EQUIPMENT

Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016