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.

— Filed Fri, 29 May, 2026, 20:45 IST · Source Moneycontrol · Results · Updated

Centre is considering an extension or redesigned successor to the Rs 40,995 crore mobile manufacturing PLI scheme expiring March 2026, with industry citing thin margins and import reliance as reasons for continued incentive support.

Also reported by