Dixon Tech Share Price in Focus; Arm Signs MoU with Cellecor Gadgets

On December 27, 2024, Dixon Technologies’ share price traded 0.41% lower at ₹17,963.60 at 11:00 AM on NSE. The stock opened at ₹18,244 higher than ₹18,038.15 against the previous close.

MoU Details

Dixon Technologies (India) Limited’s wholly-owned subsidiary, Dixon Electro Manufacturing, signed a Memorandum of Understanding with Cellecor Gadgets Limited.

The MOU outlines the manufacturing of refrigerators and related components for Cellecor, a leading brand in the consumer electronics and home appliances industry, the company said in a press release on the stock exchanges.

This MoU is part of Dixon’s broader strategy to support the Government’s ‘Make in India’ initiative by promoting local manufacturing. The move will enable the company to cater to the evolving needs of Indian consumers while strengthening its market presence.

About Cellecor

Cellecor is known for its diverse range of products, including mobile phones, smart TVs, washing machines, air conditioners, and refrigerators. Through this partnership, Dixon Electro Manufacturing aims to increase its footprint in the refrigerator segment, capitalising on the growing demand for home appliances in India.

About Dixon Technologies

Dixon’s diverse product portfolio now includes consumer electronics, lighting, mobile phones, wearables, and home appliances, positioning the company as a leader in India’s consumer durables industry.

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