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The Centre has extended customs duty concessions on a range of machinery and components used in electronics manufacturing

ICICIdirect Research 09 Jul 2026 DISCLAIMER

News: The Centre has extended customs duty concessions on a range of machinery and components used in electronics manufacturing until March 31, 2029. The relief covers machinery for lithium-ion battery manufacturing, display assembly components for automotive and medical applications, wireless charging components for mobile phones, and other specified electronics manufacturing inputs, aiming to reduce input costs and encourage investments in domestic electronics manufacturing

View: The policy provides long-term cost visibility and strengthens the economics of local electronics manufacturing by lowering the cost of importing critical machinery and components. It is positive for EMS and consumer electronics manufacturers such as Dixon Technologies, Amber Enterprises, Kaynes Technology, Syrma SGS Technology, PG Electroplast, and Epack Durable, as it supports capacity expansion, localization efforts, and export competitiveness while improving the attractiveness of investments in advanced electronics and battery manufacturing.

Impact: Positive

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