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As reported by Reuters, on July 9, 2026, the Indian government declared the removal of import duties on certain components used in mobile phones and electronic devices. These components were previously subject to tax rates ranging from 5% to 7.5%. The primary objective of this measure is to bolster the cost competitiveness of India's local manufacturing sector and foster the domestic production of high-value electronic products. This policy will remain in effect until March 31, 2029. Among the companies set to benefit from this decision are electronic behemoths such as Apple and Xiaomi, both of which have established a significant presence in India. Additionally, the exemption of import duties on lithium-ion batteries is anticipated to spur increased investment in domestic battery production, spanning the realms of electronic equipment and electric transportation.
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