New Delhi: Indian electronics manufacturer Dixon Technologies has joined hands with China’s HKC Overseas to set up a joint venture worth Rs 370 crore for making display modules used in TVs, smartphones, monitors, and automobiles.
What the JV will do
The new partnership between Dixon and HKC will focus on manufacturing Liquid Crystal Display (LCD) modules and Thin Film Transistor LCD (TFT-LCD) modules. These are the key components that power the screens of electronic devices such as TVs, mobile phones, laptops, monitors, and even car displays.
The venture will not just make parts but will also assemble end products like smartphones and TVs. Importantly, the plan also includes selling HKC-branded products in the Indian market.
Investment structure
According to the regulatory filing, HKC Overseas Ltd will hold a 26 percent stake in the new company, Dixon Display Technologies Pvt Ltd (DDTPL), by investing about Rs 95.5 crore (USD 10.998 million). Dixon, on the other hand, will take up a 74 percent stake, investing around Rs 274 crore (USD 31.3 million) in two phases.
The agreement, called the Share Subscription and Shareholders’ Agreement (SSHA), was signed on August 16, 2025.
Dixon’s growing China connect
This is not the first time Dixon has tied up with Chinese players. Just last month, it announced a joint venture with Chongqing Yuhai Precision Manufacturing Co Ltd and Kunshan Q Technology’s Indian unit. That partnership was aimed at producing electronic components like camera modules and precision parts used in mobiles and laptops.
With these partnerships, Dixon is clearly building a stronger presence in India’s fast-growing electronics manufacturing industry, especially at a time when demand for locally made components is rising.
