Indian electronics maker Dixon expects near-50% FY revenue growth in 2024

CHENNAI: Electronics maker Dixon Technologies (India) expects a near-50% increase in revenue for the current fiscal year, aided by growth in its mobile phone business, its top boss said on Tuesday.

“The largest trigger of growth for us is our mobile phone business”, Dixon’s Managing Director Atul Lall told Reuters at the sidelines of an electronics event in Chennai, the capital of the southern state of Tamil Nadu, a key manufacturing hub.

Lall said revenue for the full year ending March could be 180 billion rupees ($2.16 billion), with about 40%-50% of that coming from its business of manufacturing and assembling mobile phone and their accessories.