Dixon Technologies will manufacture Acer's laptop for the domestic market
News: Dixon Technologies will manufacture Acer's laptop for the domestic market initially and then possibly for export
View: Dixon Technologies will start manufacturing of ~500,000 laptops for Taiwan’s Acer. The production is likely to start from December 2021 onwards. Currently, Dixon has laptop production capacity of 700,000 units, which will be increased to 1 million units by December 2021. Dixon has PLI license to manufacture IT hardware in India. The government has set a target to product IT hardware worth 1.61 lakh crore in India in the next four years. The PLI approved companies under domestic companies category have proposed a production of Rs 76,007 crore. We believe PLI opportunities for Dixon will boost its revenue, PAT to grow at CAGR of 53% and 62% in FY21-24E, respectively.