India’s ₹62,500 crore mobile PLI puts homegrown brands in incentive spotlight
India’s new mobile manufacturing incentive scheme offers Indian-owned, IP-led phone brands up to 9.5% of eligible sales, with a focus on domestic design, R&D and component sourcing. Potential entrants could launch products within 10–14 months, subject to turnover thresholds.
What happened
Indian mobile brands · India notified a Rs 62,500-crore mobile manufacturing scheme that offers Indian-owned, IP-led phone brands incentives of up to 9.5% of
Key facts
- Rs 62,500 crore MPMS budget
- 3 potential Indian mobile-phone players
- 10-14 months to launch products
- TS1 minimum FY26 turnover: Rs 10,000 crore
- New-brand annual India sales eligibility: Rs 10,000 crore
- TS2 minimum FY26 turnover: Rs 1,000 crore
- Indian-brand incentive: up to 9.5% of eligible sales
- Expected cumulative production: Rs 39 lakh crore
- Expected direct jobs: 60,000
Why this matters
The scheme raises the strategic value of partnerships or acquisitions involving Indian mobile IP, product-design teams, contract manufacturing capacity and localized component suppliers.