The manufacturing shall take place at Padget's manufacturing facility situated at Noida.

Padget Electronics is a wholly owned subsidiary of Dixon Technologies (India).

Atul B. Lall, vice chairman & managing director, Dixon Technologies (India), said: "It gives us an immense pleasure to partner with Xiaomi which is an iconic brand. We are delighted and encouraged by the trust they have reposed on Dixon for the association and believe that this association will leverage our excellence, superior execution track record and Xiaomi's expertise & leadership in Indian business ecosystem and it represents a major milestone in Indian Governments "Make in India" initiative."

He further stated that, "Dixon's wholly owned subsidiary, Padget Electronics is one of the few Companies who have received PLI scheme approval from the Government of India (GOI).”

Dixon Technologies (India) transformed from being a manufacturer of electronic goods to leading multi-product corporation with widespread activities. The company is primarily engaged in the manufacturing of electronics as its core business activity.

The company reported 50.59% jump in consolidated net profit to Rs 68.82 crore in Q1 FY24 from Rs 45.70 crore posted in Q1 FY23. Revenue from operations grew by 14.59% to Rs 3,271.50 crore in the quarter ended 30 June 2023.