Dixon and HKC will jointly produce display components in India, expanding local capacity as component-level manufacturing gains government focus.
Dixon Technologies (India) Ltd has set up a joint venture with China-based HKC Overseas Ltd to manufacture display modules in India. The venture, valued at around Rs 3.7 billion, will be operated through Dixon Display Technologies Pvt Ltd (DDTPL).
Under the agreement, HKC Overseas Ltd will acquire a 26 per cent stake in DDTPL for Rs 950 million. Dixon will hold the remaining 74 per cent, investing Rs 2.74 billion, in two tranches. The share subscription and shareholders’ agreement (SSHA) for the venture was signed on 16 August 2025.
The partnership will focus on manufacturing and sales of liquid crystal display (LCD) and thin-film transistor liquid crystal display (TFT-LCD) modules. These components are used across televisions, mobile phones, computer monitors and automotive displays. The venture will also assemble finished products such as smartphones, televisions and monitors, with provision to sell HKC-branded devices in the Indian market.
This deal adds another vertical to Dixon’s growing set of alliances with Chinese electronics companies. In July, the company announced joint ventures with Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian subsidiary of Kunshan Q Technology. Those ventures cover manufacturing of electronic components used in mobile phones, laptops and other consumer devices.
Dixon, one of India’s largest electronics contract manufacturers, has been expanding its role from assembly to component-level production. The addition of display module manufacturing through the HKC partnership strengthens its positioning in the domestic supply chain at a time when the government is encouraging localisation of critical components.
