The contract for manufacturing of IT hardware products (laptops and notebooks) is under Production Linked Incentive 2.0 Scheme, subject to signing of definitive agreement in due course.

Atul B. Lall, vice chairman & managing director, Dixon Technologies (India), said: “It gives us an immense pleasure to partner with iconic brand Lenovo for manufacturing of IT Hardware products under the IT hardware PLI 2.0 Scheme. This will give a strong impetus to India’s manufacturing competitiveness. Lenovo will bring in the global know-how and processes to manufacture IT hardware products. Lenovo which is a global leading player in their field are known for their affordable yet technologically advanced products."

Dixon Technologies (India) has been leading the electronic manufacturing services (EMS) space in India.

The company's consolidated net profit rose 47% to Rs 113 crore on 28% decline in net sales to Rs 4,943 crore in Q2 September 2023 over Q2 September 2022.

The scrip had zoomed 6.15% to hit the day's high at Rs 6,764, which is also a record-high for the counter.