Padget Electronics enters into an agreement with Longcheer for the production and sale of smartphones

Padget Electronics enters into an agreement with Longcheer for the production and sale of smartphones

Padget Electronics Private Limited, a wholly owned subsidiary of Dixon, has entered into an agreement with Longcheer and has begun manufacturing/manufacturing and selling smartphones for major global brands using Longcheer’s design and technology.

Longcheer has strong capabilities in product-level solution design, hardware innovation design, system-level software platform development, lean production, supply chain integration and quality control capabilities. They provide integrated smart product services to leading consumer electronics brands and technology companies in multiple countries and regions with global delivery capabilities and have approximately 28% share of ODM globally.

Commenting on this collaboration, Mr. Atul B. Lall, Vice Chairman and Managing Director, Dixon Technologies (India) Limited said, “It gives us immense pleasure to collaborate with ‘Longcheer’ for manufacturing and selling smartphones for major global companies, brands with Longcheer’s design and technology. This partnership will provide a strong boost to the competitiveness of the Indian industry.

We are delighted and encouraged by the confidence that Longcheer and its designated clients have placed in the Dixon group for the proposed collaboration and we firmly believe that this collaboration will further enhance our excellence, superior execution track record and deep will leverage Longcheer’s expertise in the field of mobile phones. We see them as an ideal partner who shares our core values ​​of quality, technical competence, innovation and customer satisfaction. We are convinced that this is just the beginning of a great and productive relationship and that there is enormous potential to build on the shared capabilities to achieve sustainable growth.

Shares of Dixon Technologies (India) Limited last traded on BSE at Rs. 7532.00 compared to the previous closing of Rs. 7501.95. The total number of shares traded during the day was 77128 in over 7029 trades.

The stock touched an intraday high of Rs. 7556.45 and intraday low of 7198.50. Net sales during the day amounted to €. 562728612.00.

Source: stock bulls

Keywords


DixonTechnologiesIndia
INE935N01020
PadgetElectronica
Agreement
Long lasting