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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 (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)
Dixon Technologies India
Memorandum of Understanding
MoU
Acerpure Indian CE
consumer appliance products
trade
import
export
manufacturing
TVs
Sunil Vachani
Executive Chairman
'Make in India' initiative
economic growth
innovation
local talent
Harish Kohli
President & MD
Acer India
financial results
Q4 FY24
net profit
revenue
diversified activities
electronic goods
stock market
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