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.

Dixon's India Android contract manufacturing share slipped to 32% from 37% as Bhagwati climbed to 17% and doubled Q4 revenue to ₹4,800 cr.

ET Retail · 5/26/2026, 5:32:02 AM · Ask about this →

Dixon Technologies + Bhagwati Products + DBG + Karbonn + Oppo + Realme + vivo +