Lava commits Rs 1,100 cr to build smartphone components unit, eyes 8,500 jobs
Lava International will deploy Rs 1,100 crore over five years to localise displays, cameras, PCBs and enclosures, with capacity for 40 million phones annually. The Noida-based firm has applied under ECMS and opened a charger facility producing units 20% cheaper than imports, aiming to lift domestic share past 6-7%.
Lava International will invest Rs 1,100 crore over five years to manufacture smartphone components like displays, cameras, PCBs and enclosures in India, creating 8,500 jobs. It has applied under ECMS and inaugurated a local charger facility.
Why this matters
Lava is doubling down on local electronics manufacturing, pairing the Rs 1,100 cr components push with an ECMS application and a newly opened Noida charger line yielding 20% cost savings vs imports.
Retail-company signals steady at 869 in last 90 days.