Dixon Technologies India has planned to invest Rs 15-18 billion over the next three years to expand production capacity and component manufacturing.
The company aims to generate the funds from internal accruals based on cash flow.
As per the company, 60-65 per cent capital expenditure (CapEx) in 2024 will be spent on mobile phone capacity expansion, Rs 18-20 billion on display modules and the balance on other products.
Moreover, the company stated that it is poised to continue its revenue growth by 30-40 per cent over the next three years.
Furthermore, Dixon is also planning to venture into non consumer electronic manufacturing services business and is looking for land to set up a factory to manufacture electronic modules for electric vehicles. The company highlighted that this backward integration into components would improve margins, enhance capabilities and increase stickiness with existing customers.
