Centre weighs extension of Rs 40,995 cr mobile PLI as March 2026 sunset nears

MeitY is evaluating an extension or redesigned successor to the Rs 40,995 crore mobile manufacturing PLI scheme, set to expire March 2026. Industry is lobbying for continued incentives, citing thin margins and heavy import reliance on components — a decision that will shape India's smartphone retail supply base.

— FiledFri, 29 May, 2026, 20:45 IST·First seen Fri, 29 May, 2026, 20:44 IST·Source Moneycontrol · Results

What happened

MeitY · Centre is considering an extension or redesigned successor to the Rs 40,995 crore mobile manufacturing PLI scheme expiring March 2026, with industry

Key facts

  • Rs 40,995 crore
  • March 2026

Why this matters

Time any India electronics manufacturing JV or acquisition talks against the PLI redesign window, as scheme terms will reset asset valuations and partner leverage across the supply base.

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