boAt's plan to double production in H1FY23 to benefit contract manufacturersDIXON - 5289 Change: 70.90 (1.36 %)
According to Mint, boAt plans to manufacture 6 million (mn) units (almost double its present manufacturing capacity of hearables/wearables) in H1FY23 under its Make in India strategy.
boAt is the market leader with 40% market share in the domestic wearable industry. The company plans to increase its local sourcing and launching of new products to maintain its leadership position in the domestic hearables/wearble industry. The company has tied up with Dixon Technologies and Amber Enterprises to manufacture its audio devices. We believe increased local sourcing will help drive strong revenue growth for domestic Electronic Manufacturing services (EMS) companies.