Dixon's wholly owned subsidiary - Padget Electronics, has entered into an agreement with HMD India for manufacturing of Nokia smartphones.
The smartphones will be manufactured at Padget's manufacturing facility situated at Naida, Uttar Pradesh.
Commenting on this occasion, Atul B. Lall, Vice Chairman & Managing Director - Dixon said, "It gives us immense pleasure to announce that we have partnered with HMD Global as manufacturers of Nokia smartphones in India, which is an iconic brand.
They have established a strong and trusted foothold globally thanks to their advanced technology. We are sure that with their vision and stringent industry-leading processes, combined with our expertise in manufacturing, we will be able to bring a range of Nokia smartphones to customers."
Dixon Tech was trading 1.39% down at Rs13,877.30 per piece on the BSE at around 2:46PM.