Dixon Technologies shares rose 6% on July 9, 2026. The rally followed an Indian government announcement expanding customs duty exemptions for electronics manufacturing machinery. These concessions apply to equipment for lithium-ion batteries, display modules, and smartphone components. The tax exemptions remain in effect until March 31, 2029.
Dixon’s stock price reached a peak of Rs 13,525 during Thursday’s trading session. Analysts expect the policy to lower input costs and improve profit margins for India’s largest domestic contract manufacturer. The move supports Dixon’s ongoing expansion within the mobile and electronics sectors. Other companies in the electronics manufacturing services (EMS) sector also recorded gains following the news.