Dixon Technologies Targets 40 Million Smartphone Production in FY26

Dixon Technologies is on track to achieve its ambitious target of producing 40 million smartphones in the fiscal year 2025–26 (FY26), according to Director-Finance and Group CFO Saurabh Gupta. Speaking to CNBC TV18, Gupta highlighted strong execution in the first half of the year and outlined plans for further expansion in FY27. The company’s strategy focuses on leveraging partnerships across the Android ecosystem to drive growth in India’s electronics manufacturing sector.

Production Targets And Progress

“My sense is we had projected a volume of almost 40 million smartphones for this year. I think we are on track for that,” Gupta said. “In the first six months, we have done broadly 20-odd million.”

He added that Dixon works with most major clients in the Android ecosystem. “There can be some pluses and minuses, but broadly we are working towards achieving that 40 million number for this year and hopefully 60–65 million for the next financial year,” he noted.

Market Position And Partnerships

Dixon Technologies, an Indian multinational electronics manufacturing services company, collaborates with leading brands in the Android ecosystem. This diversified client base positions the company to capture rising demand for smartphones amid India’s growing digital adoption.

Financial Snapshot

The company reported its July–September 2025 quarter results after market hours on October 17. Dixon Technologies has a market capitalization of ₹99,478.41 crore, and its shares have gained over 6% in the past year, reflecting investor confidence in its growth trajectory.

Conclusion

Dixon Technologies’ plan to produce 40 million smartphones in FY26 and scale up to 60–65 million units in FY27 underscores its aggressive growth strategy and strong execution capabilities. With robust partnerships and expanding capacity, the company is well-positioned to capitalize on India’s electronics manufacturing boom. Investors will closely watch upcoming quarters for progress on these targets and potential margin improvements.

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