Jefferies Backs Component-Depth Players as India PLI 2.0 Set to Punish Pure Assemblers

Kaynes and Syrma flagged as structural winners if PLI Phase 2 ties incentives to localisation metrics; Dixon faces valuation headwind as assembly-led model risks losing incremental benefit.

ndtv-profit-business · 7/7/2026, 3:31:33 AM · Ask about this →