Dixon Technologies, a contract manufacturer in electronic goods, on Monday said its wholly owned subsidiary Padget Electronics Pvt Ltd has entered into an agreement with Motorola Mobility LLC for manufacturing of smartphones.
“Dixon’s wholly owned subsidiary Padget Electronics has signed an agreement with Motorola for manufacturing of smartphones,” Dixon Technologies said.
The products will be manufactured at Padget’s manufacturing facility situated at Noida, Uttar Pradesh, the company added.
In a statement, Atul B Lall, Vice Chairman & Managing Director, Dixon, said, “With nearly a century of existence in the market, the legacy and standing of Motorola is unparalleled. To partner with them gives us immense pride, as one has to tick each and every box to be on their Board.”
“Dixon’s wholly-owned subsidiary Padget Electronics is one of the few companies that recently received the PLI scheme approval from the Government of India,” he added.
Shares of Dixon Technologies (India) were trading 4.35 per cent higher at Rs 13,275 apiece on the BSE.