DIXON IN FOCUS AFTER REPORTS OF 18% GST CUT ON MOBILE PHONES

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are in focus amid reports that the Goods and Services Tax (GST) Council may consider cutting the 18% GST rate on mobile phones, a move that could support handset demand and India's electronics manufacturing ambitions. The potential tax cut comes against a backdrop of weakening smartphone demand. Smartphone shipments in India declined 10-11% year-on-year in the April-June quarter, marking the steepest fall in a June quarter in six years. This step could boost the sales of mobile phones in the coming quarters. DIXON TECH is a Electronic Manufacturing Services (EMS) company with operations in the electronic products vertical such as consumer electronics, lighting, home appliance, closed-circuit television cameras (CCTVs), and mobile phones. Cut in GST on mobile phones can improve the company's sales and profit growth in the future.