Dixon Technologies has signed a MoU with Cellecor Gadgets

India’s market leader for electronic manufacturing services (EMS) is Dixon Technologies (India) Limited. Dixon was established in 1993 and began producing colour television in 1994. Since then, the company has grown to include several electronics sub-sectors.

The biggest domestic design-focused solutions company in India, Dixon Technologies (India) Limited, manufactures goods for the consumer durables, lighting, and mobile phone industries. Consumer electronics like LED TVs, home appliances like washing machines, lighting products like LED bulbs, tube lights, downlighters, mobile phones, CCTV & DVRs, wearable technology, and refrigerators are just a few of their varied product offerings. Dixon also offers reverse logistics solutions, such as LED TV panel repair and refurbishment services.

Cellecor and Dixon Technologies signed an MOU

A Memorandum of Understanding has been signed between Dixon Technologies (India) and Cellecor Gadgets for the production of washing machines and related parts for Cellecor.

Mr Atul B. Lall, VC & MD of Dixon Technologies stated

We are pleased to announce that Dixon Technologies has signed a Memorandum of Understanding with Cellecor for the production of washing machines and their associated parts, said Mr Atul B. Lall, Vice Chairman & Managing Director of Dixon Technologies. Dixon Technologies will grow its clientele in the washing machine market as a result of this collaboration. The two businesses also hope to achieve greater competitiveness and enhanced efficiencies through this partnership.

About Cellecor

A well-known brand in the consumer electronics sector, Cellecor is renowned for its cutting-edge and inventive technology. Collecor is dedicated to lowering the cost of happiness and provides a wide variety of products, such as smartphones, smart TVs, speakers, neckbands, TWS, sound bars, smart watches, washing machines, and many more.

The stock of Dixon Technologies (India) Ltd. is up over 1% today and is currently trading at Rs. 14,432.00 per share or almost 2% of the market value, and the 52-week high trading price is Rs. 15,900.00.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.