India removes import duty on some electronics, smartphone parts
Yahoo Finance ·
India removes import duty on some electronics, smartphone parts Nikunj Ohri Thu, July 9, 2026 at 5:49 AM EDT 1 min read AAPL 1810.HK By Nikunj Ohri NEW DELHI, July 9 (Reuters) - India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5% and 5% levies, in a move that could help companies like Apple and Xiaomi. • Items include key parts for producing wireless charging modules for mobile phones, displays for medical devices and automobiles, and lithium-ion cells. • The exemption will be valid until March 31, 2029. • "This should boost cost competitiveness, domestic value addition and localisation of high-value smartphone and electronics manufacturing," said Manoj Mishra, a partner at business consultancy Grant Thornton Bharat. • Exemption for lithium-ion cell manufacturing may spur investment in domestic battery production for electronics and electric mobility, Mishra said. • India aims to expand electronics manufacturing to $500 billion by fiscal year 2030. • Smartphone production in India rose 28-fold over the last decade to 5.45 trillion rupees ($57 billion) in 2024/25. (Reporting by Nikunj Ohri; Editing by Alexandra Hudson)
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