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Dixon Technologies signs agreement with Nokia for telecom products

Wednesday, 08 May 2024
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Dixon Technologies has signed an agreement with Nokia to develop and manufacture telecom equipment such as fixed wireless access points and routers for the Finland-based company. The deal is worth Rs 1,500 crore annually.

The electronics manufacturing (EMS) company’s wholly-owned subsidiary Dixon Electro Appliances will manufacturing these equipment at its facility in Noida, Uttar Pradesh. The product development is at its final stages, and commercial production will start from June or July this year. The company is targeting production of 1.5-1.8 million units this financial year.

On initiation of the ramp up, the production will be around 100,000-150,000 units a month for fixed wireless devices, and another 1,00,000-1,50,000 units a month for indoor Wi-Fi 5 routers.

In another development, Dixon Technologies' joint venture with Bharti Enterprises, part of the PLI scheme for telecom and networking products, will start production in June, 2024.

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