Dixon shares jump 5% as Alphabet reportedly explores shifting Pixel production from Vietnam to India 

Shares of Dixon Technologies (India) surged nearly 5% to ₹16,595 on Monday after reports emerged that Alphabet Inc, the parent company of Google, is in talks with Indian contract manufacturers, including Dixon, to shift part of its global Pixel smartphone production from Vietnam to India.

As per sources cited by the Economic Times, the talks—which began around two weeks ago—are part of Alphabet’s broader strategy to reduce risks associated with its supply chain amid increasing US tariff pressures on Vietnam. The move is seen as a proactive step in response to a potential 46% tariff on imports from Vietnam, compared to a lower 26% on Indian imports.

Currently, Dixon and Foxconn manufacture 43,000–45,000 Pixel devices per month in India, exclusively for the domestic market. Dixon is responsible for nearly 65-70% of this output, including newer models, from its Noida facility in partnership with Taiwan’s Compal Electronics.

The report further stated that Alphabet has also shared its plans to localise the production of key components such as fingerprint sensors, enclosures, chargers, and batteries in India to reduce import dependency and further optimise costs.

At the day’s high, Dixon shares touched ₹16,796 on the NSE, before trading at ₹16,595, up 4.93% from the previous close. The rally also comes amid broader optimism over India’s positioning as a strategic alternative to China and Vietnam in electronics manufacturing.

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