India’s Push to Capture 35% of Global Mobile Manufacturing

India is set to accelerate its electronics growth with PLI 2.0, aiming to increase its global mobile manufacturing share from 15% to 30–35% by FY31, with annual production projected at $110–130 billion and exports at $55–70 billion. This marks a strong continuation of the current PLI success, driven by supply chain shifts and rising global investments into India. From a market perspective, this creates a clear structural opportunity for EMS and component players. Key beneficiaries include

, , , , , and , which are well-positioned to benefit from rising localization, backward integration, and export demand. Overall, PLI 2.0 could act as a long-term re-rating trigger for India’s electronics manufacturing ecosystem. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.