DIXON

Mobile PLI 2.0 Boosts Electronics

, Kaynes Technology & Syrma SGS: The government has notified the new ₹62,500 crore Mobile Manufacturing PLI 2.0 scheme, offering incentives over a five-year period. The scheme is aimed at accelerating domestic mobile manufacturing, increasing local value addition and strengthening India's electronics manufacturing ecosystem. Leading electronics contract manufacturers are expected to benefit from higher production opportunities and potential capacity expansion. Stock Commentary – Dixon Technologies: Positive; the new PLI scheme can support higher manufacturing volumes, improve capacity utilisation and strengthen Dixon's long-term growth visibility. The company is well positioned to benefit from India's expanding electronics manufacturing ecosystem and increasing localisation. Stock Commentary – Kaynes Technology: Positive; the expanded PLI framework can create additional opportunities across electronics manufacturing and component localisation. Higher domestic production and potential new customer programmes could support capacity utilisation and long-term revenue growth. Stock Commentary – Syrma SGS: Positive; the policy support is favourable for electronics manufacturing and component players. The scheme can encourage higher domestic production, new customer opportunities and capacity expansion, supporting Syrma SGS's long-term growth prospects.