Joint Venture15 Jul 2025, 06:11 pm
Dixon Technologies to Form Joint Venture with Chongqing Yuhai Precision Manufacturing for Precision Components Manufacturing
AI Summary
Dixon Technologies (India) Limited has entered into a binding Term Sheet with Chongqing Yuhai Precision Manufacturing Co. Ltd. to form a joint venture in India. The joint venture will undertake the business of manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products which both parties agree upon. Dixon will hold 74% of the total paid-up share capital and Chongqing will hold 26%. The proposed joint venture is subject to receipt of necessary statutory approvals and signing of definitive agreements.
Key Highlights
- Dixon Technologies and Chongqing Yuhai Precision Manufacturing to form a joint venture in India.
- The joint venture will manufacture and supply precision components for various products including laptops, mobiles, IoT, and automotive.
- Dixon will hold 74% and Chongqing will hold 26% of the total paid-up share capital of the joint venture company.
- The joint venture is subject to necessary statutory approvals and signing of definitive agreements.
- This strategic collaboration is a significant step towards localisation of key components, deepening backward integration in Dixon's value chain, and supporting the Make in India initiative.