Dixon Technologies, Google ink pact to sub-license Android -; Google TV rights; stock climbs ~2%

5 Sep 2022 , 12:57 PM

Dixon Technologies (India) Limited is India’s largest manufacturer of LED TVs, with an annual capacity of 6 million units, and the first contract manufacturer in India to have sub-license rights for Android and Google TV.

This new agreement will allow the firm to provide a cost-effective, consistent, high-quality, out-of-the-box experience to existing customers and prospective new brands, further solidifying the company’s market leadership in the LED TV category.

Atul B. Lall, Vice Chairman & Managing Director, commented on this occasion, “Google is a legendary corporation, and I am happy and inspired by the faith they have placed on Dixon. As the streaming environment evolves, consumer requests for more options increase and Dixon’s product portfolio are ready to meet those desires.”

He added further, “This is mainly because of the company’s unparalleled focus on innovation, backward integration, enormous size, and strong relationships with national and international companies. This is consistent with our efforts to support the government’s “Make in India” policy.”

At around 1.03 PM, Dixon Technologies (India) was trading at Rs4,180.20 up by 1.79% from its previous closing of Rs4,106.65 on the BSE. The scrip touched intraday high and low of Rs4,199.95 and Rs4,067.90 respectively.

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