Shrinking profit margins unwind popular ‘Make in India’ trade in electronics
A sector that underpinned the once-popular “Make in India” trade is faltering as shrinking margins and slowing growth shake investor confidence.
Following triple-digit share gains in recent years, electronics manufacturers — who make everything from Samsung Electronics Co. phones to air conditioning units — are facing a sharp reversal as investor enthusiasm cools. Among them, shares of Dixon Technologies India Ltd. and Kaynes Technology India Ltd. have tumbled more than 15% this year, underperforming the broader market rally.
