New Delhi, July 23 -- Dixon Technologies (India) Ltd has signed a slew of joint venture (JV) and partnership agreements of late. It was recently in the spotlight for its acquisition of Kunshan Q Tech Microelectronics (India) and a JV with Chinese company Chongqing Yuhai Precision Manufacturing, which should enhance its backward-integration initiatives.

With the government's production-linked incentive (PLI) scheme set to end in FY26, competitive intensity in the sector is slated to rise. These partnerships are expected to strengthen Dixon's customer relations and improve revenue visibility. But more importantly, they should shield operating margin, which is expected to come under pressure from the first half of FY27.

Against this backdr...