India Scraps Duties On Smartphone Parts, Cutting Input Costs For Apple, Samsung
India removed 5% and 7.5% customs duties on select smartphone and electronics components to boost domestic manufacturing. Apple, Samsung, Xiaomi, Foxconn and Tata Electronics stand to benefit from lower input costs, though no handset price cuts have yet been announced.
India scrapped 5% and 7.5% customs duties on select smartphone/electronics components to boost domestic manufacturing. Apple, Samsung, Xiaomi, Foxconn and Tata Electronics benefit via lower input costs, though no handset price cuts have been announced.