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Dixon loses ground to Bhagwati in India smartphone EMS as PLI sunset triggers price war
Dixon Technologies' share of India's Android contract manufacturing slipped to 32% from 37%, while rival Bhagwati Products climbed to 17% from 14%, doubling Q4 revenue to ₹4,800 crore on Oppo, Vivo and Realme orders. PLI scheme wind-down is intensifying margin pressure across the sector.
ET Retail · 5/26/2026, 5:32:02 AM