Dixon Technologies and HKC Form Joint Venture to Boost Display Manufacturing in India

On August 18, according to Indian media reports, Indian electronics manufacturer Dixon Technologies has entered into a joint venture with HKC. The joint venture agreement was signed on August 16, 2025.

The new entity plans to invest 3.7 billion INR (approximately 300 million RMB) to produce display modules for televisions, smartphones, monitors, and automobiles. This includes the manufacturing of LCD (Liquid Crystal Display) modules and TFT-LCD (Thin-Film Transistor Liquid Crystal Display) modules.

In addition to component manufacturing, the joint venture will also handle the assembly of finished products such as smartphones and televisions. Moreover, it plans to directly market and sell HKC-branded products in India.

According to regulatory filings, HKC will invest around 955 million INR (about 78.5 million RMB), securing a 26% stake in the new entity, Dixon Display Technologies Pvt Ltd (DDTPL). Dixon, on the other hand, will hold a 74% stake, contributing approximately 2.74 billion INR (around 225 million RMB) in two phases. The Share Subscription and Shareholders’ Agreement (SSHA) was signed on August 16, 2025.

This marks another strategic collaboration between Dixon and Chinese enterprises. Just a month earlier, Dixon announced a joint venture with Chongqing Yu Hai Precision Manufacturing Co., Ltd. and the Indian subsidiary of Kunshan Qiu Tai Technology, aimed at producing camera modules and precision components for smartphones and laptops.

Through these partnerships, Dixon is steadily expanding its footprint in India’s electronics manufacturing industry, driven by the rising demand for locally produced components.