- The government had scrapped five per cent import duties on open cells last October
- Samsung had started importing LED TVs from its Vietnam plant via the free trade agreement route
Dixon, in a stock market notice, has shared that it will be manufacturing LED TVs for Samsung in India. The former plans to utilise its Tirupati, Andhra Pradesh facility to do the same.
It is to be noted here that Samsung had started importing LED TVs from its Vietnam plant. The step had come after the government of India had imposed five per cent duties on import of LED TV panels.
The government had then scrapped five per cent import duties on open cells last October. Samsung had started importing LED TVs from its Vietnam plant via the free trade agreement route
Open cell or panels make for the majority of a TV’s cost
Open cells, or as they are more commonly referred to as panels, make up for the majority of costs included in manufacturing TVs. Estimates show that these account for 65 to 70 per cent of a TVs cost. India does not have any local players manufacturing these panels.
Dixon, apart from manufacturing LED TVs in India, has already been manufacturing washing machines and mobiles for Samsung. The former during October 2019 had announced that it will be responsible for manufacturing feature phones for the latter in India.
Dixon has been associated with Samsung’s home appliances business from last two years. In fact the company, not long ago, had celebrated 100,000 unit production milestone for Samsung here.
“Samsung is one of the most valuable technology brands in the world and a leading mobile phone brand as it has been constantly serving with innovative solutions to customers across all segments,” said Sunil Vachani, Executive Chairman of Dixon Technologies India Ltd had said earlier.