|
| VOL XXVII | ISSUE 13 | 15 July 2026 | Previous Edition |
| HOME | SUBSCRIBE |
| TOP STORIES | POLICY SCAN | INDUSTRY SCAN | PUBLICATIONS & REPORTS | ELCINA EVENTS | UPCOMING EVENTS |
.jpeg)
Exclusive 15% Discount for ELCINA Members at SEMICON India 2026
An opportunity to be part of India's largest semiconductor industry event – and save while doing so. As a Partner Association of SEMI Global, ELCINA is pleased to offer its members an exclusive 15% discount on the prevailing registration rate for SEMICON India 2026.
Whether you are looking to exhibit, explore new business opportunities, or stay ahead of industry trends, SEMICON India 2026 offers an unmatched opportunity to engage with the global semiconductor ecosystem.
Supported under the India Semiconductor Mission, SEMICON India has emerged as the India's premier platform for business networking, technology showcase, partnerships, and investment opportunities. The event will be held from 17-19 September 2026 at Yashobhoomi (India International Convention & Expo Centre), New Delhi, and will bring together global industry leaders, policymakers, technology providers, manufacturers, startups, researchers, and innovators from across the semiconductor value chain.
Register early to avail the exclusive 15% ELCINA member discount
Explore exhibition opportunities: https://www.semiconindia.org/exhibitor/exhibit-now For registration, participation, or discount-related assistance, contact:
|
   ELCINA Directory of Indian Electronics Industry 2025-26 
Companies committed to electronic hardware manufacturing with substantial value addition through production of components, subassemblies, parts, capital goods/machinery for manufacturing of electronics hardware, EMS providers, service providers such as quality/product testing as well as companies designing components and subassemblies are eligible for membership. Equipment companies from all segments of electronics (i.e., Consumer, Telecom, IT, Defence, Industrial, Medical and Automobiles) are welcome to join ELCINA membership once they commence manufacturing, assembling or designing activities in the country. All Payments through local Cheque/Draft favoring ELCINA Display Center 
ELCINA has recently renovated its Display Center to meet the changing environment of the Industry. Small size Display booths are made to accommodate more and more companies. Contact: saly@elcina.com |
|
Centre's Big Push To Manufacturing: Customs Duty Cut On Electronics Parts NDTV | 09 July 2026
The Centre has extended customs duty exemptions till 31 March 2029 on key components for display modules, smartphone wireless charging systems, and lithium-ion batteries to boost domestic electronics manufacturing. Inputs like display cells, FPCAs, ACF, NFC parts, coils, and NdFeB magnets now enjoy duty relief, excluding mobile, TV, smartwatch, and smart meter displays. Concessional duty also covers 85 categories of lithium-ion battery machinery and supporting systems. The move aims to cut input costs, attract investments, reduce import dependence, and strengthen India's high-tech manufacturing ecosystem. Cabinet clears Rs 1.28 lakh-crore Semicon 2.0 to deepen India's semiconductor ecosystem Moneycontrol | 15 July 2026
The Union Cabinet has approved India Semiconductor Mission 2.0 with an outlay of ₹1.275 lakh crore, shifting focus from chip fabs to developing a domestic semiconductor ecosystem. ISM 2.0 aims to boost local manufacturing of equipment, speciality chemicals, raw materials, and advanced packaging, reducing import dependence. It emphasises design startups, supply chain resilience, and talent development, targeting India's chip market growth from $50 billion to $100 billion by 2030. The mission also aspires to advance towards 2 nm semiconductor nodes. Semicon 2.0 lays foundation for India's long-term semiconductor ambitions: ELCINA The Economic Times | 16 July 2026
Anti-Dumping Investigation Initiated on PET/BOPET Film Imports The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of polyethylene terephthalate (PET/BOPET) film above 100 microns from China, the UAE and Thailand, following a complaint from the domestic industry. Based on prima facie evidence of dumping and material injury, the investigation will examine pricing, import volumes and their impact on domestic producers, while inviting submissions from interested parties through the SETU portal before determining whether anti-dumping duties are warranted. Ministry of Commerce and Industry, Department of Commerce, Directorate General of Trade Remedies | CG-DL-E-04072026-274133 | 30 June 2026 Rules of Origin Notified for India–UK Trade Agreement The Government has notified the Rules of Origin under the India–UK Comprehensive Economic and Trade Agreement (CETA), effective from 15 July 2026, to enable preferential tariff benefits on bilateral trade. The rules prescribe the criteria for determining the origin of goods, including value addition, tariff classification changes, cumulation provisions, and product-specific requirements, while also laying down procedures for proof and verification of origin to ensure uniform implementation and prevent misuse of trade concessions. Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs | CG-DL-E-04072026-274076 | 03 July 2026 Customs Exemption Expanded for Lithium-Ion Cell Manufacturing Equipment The customs exemption notification has been amended to update and expand the list of machinery eligible for concessional duty for lithium-ion cell manufacturing. The revised entry now covers 85 categories of specialised equipment used across the cell manufacturing process, supporting domestic battery manufacturing and strengthening the local EV and energy storage supply chain. Ministry of Finance, Department of Revenue | CG-DL-E-08072026-274290 | 08 July 2026 Customs Duty Concession Extended to Wireless Charging Components The customs exemption notification has been amended to provide concessional duty on specified components used in the manufacture of inductor coil modules for wireless charging in mobile phones. The notification covers key inputs such as nano-crystalline assemblies, NFC coils, magnets, and related components, with the benefit remaining in force until March 31, 2029. Ministry of Finance, Department of Revenue | CG-DL-E-08072026-274289 | 08 July 2026 Customs Duty Concession for Components Used in Display Assembly Manufacturing The Notification extends concessional customs duty to specified components used in the manufacture of display assemblies for automotive, medical and industrial applications. The benefit covers items such as display cells, Flexible Printed Circuit Assemblies (FPCAs), backlight units, frames and anisotropic conductive films (ACF), while excluding display assemblies for mobile phones, smartwatches, smart meters, TV panels and interactive flat panel displays. The concession will remain in force until 31 March 2029. Ministry of Finance, Department of Revenue | CG-DL-E-08072026-274288 | 08 July 2026 SEZ Rules Amended to Extend Timelines The Special Economic Zones (Second Amendment) Rules, 2026 extend the timeline specified in Form H from 180 days to nine months and revise the relevant compliance reference in Annexure-I from the second quarter to the third quarter. The amendments are intended to provide greater operational flexibility for SEZ units. Ministry of Commerce and Industry, Department of Commerce | CG-DL-E-10072026-274331 | 09 July 2026 Preferential Customs Duty Rates Notified for Imports from the UK A new customs notification grants preferential Basic Customs Duty (BCD), Agriculture Infrastructure and Development Cess (AIDC), and, for certain goods, Health Cess concessions on eligible imports from the United Kingdom under the India–UK trade agreement. The notification also prescribes tariff rate quotas (TRQs) for specified products, with concessional in-quota duty rates, subject to compliance with applicable rules of origin and related conditions. Ministry of Finance, Department of Revenue | CG-DL-E-14072026-274505 | 14 July 2026 TOPGeneral Japan bets ₹1 lakh crore on India: Manufacturing, AI and semiconductors lead 120 new India Japan deals Business Today | 02 July 2026
Tata Electronics exports $26.3 billion worth of iPhones in five years, overtakes Foxconn: Report Moneycontrol | 03 July 2026
Jefferies’ Christopher Wood warns Microsoft, Meta, and Alphabet AI spending may backfire The Economic Times | 06 July 2026
Foxconn Q2 revenue jumps nearly 40% on AI demand, beats estimates The Economic Times | 06 July 2026
Volume boost, Vivo JV likely to fuel Dixon Technologies’ growth Business Standard | 11 July 2026
‘New mobile phone manufacturing scheme can aid Tamil Nadu’s shift from assembly to value-added manufacturing’ The Hindu Business Line | 15 July 2026 The ₹62,500-crore Mobile Phone Manufacturing Promotion Scheme (MPMS) will boost Tamil Nadu's electronics sector by offering up to 1.5% additional incentives for locally sourced components and sub-assemblies. According to TN Industries Secretary S Vijayakumar, this will strengthen the State's electronics supply chain and attract more component makers. ELCINA President Sasikumar Gendham said the scheme complements the existing Electronics Component Manufacturing Scheme (ECMS), encouraging both new investments and expansions, positioning Tamil Nadu to further consolidate its leadership in electronics exports. RIR Power Electronics lists on NSE The Hindu Business Line | 15 July 2026
Semiconductors PM Modi inaugurates commercial production at CG Semi's Sanand semiconductor facility Moneycontrol | 04 July 2026 Prime Minister Narendra Modi inaugurated CG Semi's OSAT facility in Sanand, Gujarat, marking India's third semiconductor venture to begin production in 2026. Operated by CG Power, Renesas, and Stars Microelectronics, the G1 plant can produce 300 million chips annually, with the first batch set for export to Japan. Part of a ₹7,600 crore investment, a second G2 unit is under construction. Modi said ‘Made in India’ chips will power AI and robotics, completing India's electronics value chain and driving Viksit Bharat. Up to 500 million chips a year': PM Modi inaugurates CG Semi chip plant in Gujarat Moneycontrol | 04 July 2026 Prime Minister Narendra Modi inaugurated commercial semiconductor chip production at CG Semi's OSAT facility in Sanand, Gujarat, marking a key step in India's semiconductor ambitions under the Semicon India programme. The ₹7,600-crore project by CG Semi, a CG Power subsidiary, partners with Renesas Electronics and Stars Microelectronics. Modi highlighted India's resolve to become a semiconductor hub, recalling the 2024 foundation, 2025 testing, and today's commercial launch. He praised the achievement as a collective effort, establishing the nation's third semiconductor plant. India bets on OSAT to accelerate semiconductor manufacturing as investments reach ₹64,000 crore The Hindu Business Line | 08 July 2026 India is positioning itself in the global semiconductor supply chain through OSAT (Outsourced Semiconductor Assembly and Test) facilities, driven by government incentives, growing domestic demand, and supply chain diversification. Under the India Semiconductor Mission (ISM), about ₹64,000 crore in OSAT and ATMP investments have been announced. Key projects include Tata Electronics' ₹27,000-crore Assam plant, CG Semi's ₹7,600-crore unit, Kaynes Semicon's ₹3,300-crore facility, HCL–Foxconn's ₹3,700-crore plant in Uttar Pradesh, and Suchi Semicon's $100-million Gujarat unit, marking India's practical semiconductor entry point. India's oldest chip fab revamp awaits a green light six months after partners picked Mint | 09 July 2026 India's plan to revive its only state-owned chip fabrication plant, the fire-hit Semiconductor Laboratory (SCL) in Mohali, remains stalled despite selecting Tata Semiconductor, Cyient, and Applied Materials in December 2025 for a ₹4,500 crore modernisation. Six months on, the project awaits key approvals, including Union Cabinet clearance. Officials say paperwork for Cabinet approval is underway, following the December tender process. Industry stakeholders cite procedural delays and pending decisions as factors slowing India's semiconductor ambitions and SCL's long-awaited revival. TOPInformation Technology Indian IT firms face muted Q1 as AI shift, weak demand weigh Reuters | 06 July 2026 Indian IT majors face another weak April-June quarter as AI-driven pricing pressure, muted client spending, and geopolitical uncertainty weigh on growth. Analysts expect only 2.8% constant-currency revenue growth, with rupee depreciation inflating reported gains to about 14%. Net profit may rise 12%-13%, but hiring remains slow as firms accelerate AI adoption. The Nifty IT index fell 9.5% in Q1 and 28% in 2026, driven by fears of AI disruption and delayed client decisions. Annual guidance from Infosys and HCLTech may be trimmed amid prolonged revenue headwinds. India becomes world's largest retail GCC hub with 180 centres: Report Business Standard | 08 July 2026 India has become the largest hub for retail global capability centres (GCCs), hosting 180 centres with 2.72 lakh professionals, per TeamLease Digital. The ecosystem is 34% larger than the next five markets combined and now focuses on advanced capabilities like AI, product engineering, and digital commerce. Technology, supply chain, and data roles will dominate future hiring, with AI, GenAI, LLM engineering, and MLOps in high demand. AI talent remains scarce, with Bengaluru leading and Hyderabad emerging as a key secondary hub. TOPConsumer Electronics WC assists top-end as smart TVs shrink The Times of India | 02 July 2026 India's smart TV market fell 3% YoY in Q1 2026 amid inflation, rupee weakness and muted entry-level demand, per Counterpoint Research. Yet premiumisation surged, with 55-inch+ TVs forming a third of shipments, QLED at 30% share, and MiniLED growing 13x. The ongoing FIFA World Cup is driving a 40–60% spike in large-screen sales, especially in football-centric states. Brands note marquee events accelerate upgrades, aided by easy financing, though cricket, festive seasons and weddings remain stronger nationwide growth drivers. Chipflation is here and you'll have to pay for it The Times of India | 03 July 2026 The AI boom is driving chipflation, as semiconductor fabs prioritise high-bandwidth memory for AI, causing shortages in standard DRAM, NAND, and microcontrollers. Memory prices have surged – eMMC by 12x and DDR by 15x – pushing smart TV prices up 30% and raising costs for smartphones, SD cards, and appliances. Analysts warn of a 10-15% rise in chip prices this quarter, with small electronics makers struggling to secure supply. Global smartphone shipments may fall to 1.1 billion, as budget consumers delay upgrades amid rising device costs. How Onida plans to reclaim its place in Indian homes Mint | 12 July 2026
Telecom Telecom players eye fresh price hikes amid affordability concerns: Nomura The Hindu Business Line | 01 July 2026
Why does high-power Wi-Fi in India need a debate? Mint | 09 July 2026 India's DoT is weighing whether to allow 36 dBm high-power Wi-Fi in the 6GHz band. Telcos like Jio and Airtel say it will expand home broadband affordably without laying fibre, potentially reaching 15 million households. A government panel found minimal interference risks, but Isro and the home ministry dissent, citing threats to satellite and police communications, and want strict device limits. DoT is also assessing revenue impacts, possible microwave link substitution, and future spectrum demand before making a final decision. DoT says over five crore fake mobile connections disconnected in anti-fraud drive The Hindu | 13 July 2026
EV’s & Auto Electronics Delhi's EV policy poses big risk if adopted by other states, warns report - here's why The Times of India | 03 July 2026
EV retail sales hit record 3.06 lakh units in June 2026, up 63% YoY; Passenger vehicle segment crosses 31,800 units: FADA Fortune India | 07 July 2026 India's EV retail market hit a record 3,06,220 units in June 2026, up 63% from 1,88,054 a year earlier, despite seasonal weakness. Electric passenger vehicle sales doubled to 31,823 units, with Tata Motors leading, followed by Mahindra and JSW MG. EV penetration in passenger vehicles rose to 7.7%. Electric two-wheelers dominated with 1,93,735 units, up 75%, achieving 10.6% market share. TVS led the segment, trailed by Bajaj, Ather, Hero, and Ola, reflecting strong growth across both legacy and new-age EV players. Mercedes-Benz India says price-linked EV incentives could slow premium EV uptake The Economic Times - Auto | 07 July 2026 Mercedes-Benz India warned that Delhi's revised EV policy, restricting incentives to cars under ₹30 lakh, could slow premium EV adoption. MD & CEO Santosh Iyer said EV penetration has risen to 14%, led by the ₹60 lakh all-electric CLA, which expanded the brand's EV base without aggressive pricing. He argued that price-based incentives hinder decarbonisation, as luxury buyers may choose ICE cars if EVs lack benefits. Citing Telangana's experience, he urged technology-focused, not price-linked, EV incentives to sustain premium segment growth. EV ownership cost rises with battery-as-service The Times of India | 11 July 2026
Defence & Solar India's rising solar penetration is causing power grid stress: EAC-PM paper Business Standard | 07 July 2026 India's rising solar capacity is straining the power grid, the EAC-PM warned in a new paper. Rapid renewable growth without sufficient storage or flexible policies is causing volatile demand, steep evening ramps for thermal plants, and fluctuating electricity prices. Peak load rose 46.7 GW in under eight hours, while solar curtailment in May wasted 24 GWh daily. Grid stress is visible in summer “duck” and winter “camel” curves. Meeting evening ramps needs 130 GWh storage, but current discharge averages just 23.8 GWh. India, Indonesia deepen defence partnership with BrahMos, Astra pacts The Hindu | 07 July 2026 India and Indonesia have reached in-principle agreements to strengthen defence ties through the procurement of an additional BrahMos supersonic cruise missile battery and Astra Mk-1 beyond-visual-range air-to-air missiles. A senior government official said these understandings indicate both nations' intent to move forward with the acquisitions, while detailed commercial negotiations and contract finalisations will follow. The agreements mark a significant step in the expanding defence cooperation between the two countries, enhancing their strategic partnership and boosting regional security collaboration. India estimates 300 GW power demand next year, backs local clean-energy manufacturing Reuters | 08 July 2026 India must prepare for peak power demand of 300 GW in 2027, Power Minister Manohar Lal said at India Energy Storage Week. The country has already hit 271 GW and could touch 280 GW this year. Rising demand from data centres, AI, and EVs will need greater investment in energy storage and grid infrastructure. Lal urged faster domestic manufacturing of clean-energy components to reduce imports, citing energy security and geopolitical risks. India is pushing self-reliance and renewable expansion to meet growing electricity needs. TOPMSME AI Indian MSMEs: AI could unlock $490 billion for Indian MSMEs, says Google report The Times of India | 08 July 2026 Google and the India SME Forum report reveals that AI adoption could unlock $490 billion in economic value for India's MSMEs. Surveying 3,249 enterprises, it finds 60% achieved double-digit revenue growth, with AI potentially boosting profitability by 30–35% and cutting operational costs by up to 30%. Digital tools drove 66% market expansion, 58% customer gains, and 2x–5x ad spend returns. MSME digital activity generated Rs 49,700 crore in output, Rs 32,300 crore GVA, and Rs 6,534 crore GST, reflecting technology's transformative impact on grassroots commerce. TReDS settlement mandate to speed up MSME payments, improve access to working capital: Ministry of MSME The Economic Times - Legal | 10 July 2026 The Ministry of MSME has mandated all Central Public Sector Enterprises (CPSEs) to settle MSME supplier invoices via the RBI-approved Trade Receivables Discounting System (TReDS) from June 30, 2026. This move, aligned with the Union Budget 2026-27, ensures faster, collateral-free working capital for small businesses by enabling invoice discounting through banks and NBFCs. CPSEs must disclose TReDS transactions and secure auditor certification for compliance. The initiative aims to improve MSME liquidity, curb payment delays, and establish timely payment discipline across corporate India. India's MSMEs brace for impact as US-Iran ceasefire crumbles Mint | 10 July 2026 India's 80 million MSMEs, 99% micro with turnover under ₹10 crore, suffered during the West Asia war due to supply disruptions, rising oil prices, and cash flow stress. Many, especially in the auto and lubricant sectors, restructured loans and revised inventories. The Centre launched ECLGS 5.0 in May, unlocking ₹1.55 trillion via 411,000 credit guarantees to aid 400,000 firms. Experts warn continued energy curbs threaten operations, despite potential price adjustments. MSMEs, contributing 31.1% to GDP and 48.58% of exports, face prolonged uncertainty after repeated crises. TOP
ELCINA EVENTS, ACTIVITIES & SERVICES Defence & Aerospace: 15th Strategic Electronics Summit, 2026
The 15th Strategic Electronics Summit (SES) 2026 on Defence and Aerospace will bring together innovators, manufacturers, system integrators, and defence procurement agencies to highlight India’s growing capabilities in electronic systems across aerospace, land, naval, and strategic platforms. The summit will serve as a key platform for collaboration, technology exchange, and industry–government engagement, aimed at accelerating India’s push toward greater self-reliance in defence electronics. Bharat Security Expo 23–24 July 2026 | BIEC, Bengaluru | Co-located with Strategic Electronics Summit 2026 Strategic electronics has long been a key focus area for ELCINA and its members, given its critical role in defence, aerospace, and security equipment. Electronics technology is at the cutting edge of almost the entire range of defence & security equipment required today. We are delighted to announce the launch of Bharat Security Expo – an exclusive industry-platform dedicated to internal security, fostering innovation, collaboration, and business growth. The event is co‑located with the Strategic Electronics Summit (SES 2026) and scheduled on 23rd & 24th July 2026 at BIEC, Bengaluru. Bharat Security Expo offers the security and surveillance industry an unparalleled opportunity to connect directly with DPSUs, Government Procurement Agencies, manufacturers, infrastructure leaders, banks, the Home Ministry, and State Police departments. TOPUPCOMING EVENTS & GENERAL INFORMATION DOMESTIC EVENTS
OVERSEAS SHOWS
|
The Union Cabinet approved Semicon 2.0 with an outlay of ₹1,27,500 crore to accelerate the India Semiconductor Mission (ISM). Building on ISM 1.0, the programme targets chip design IP, semiconductor fabs, advanced packaging, equipment and materials manufacturing, R&D, and talent creation through a six-pillar strategy. Industry body ELCINA praised its potential to boost technological leadership, strategic strength, and economic growth. By integrating design, manufacturing, research, and skilled workforce development, Semicon 2.0 aims to create a resilient, globally competitive semiconductor ecosystem.
Japan is investing nearly ₹1 lakh crore in India across manufacturing, semiconductors, AI, green energy, finance and digital infrastructure, backed by 120 MoUs since August 2025. Key projects span Haryana, Gujarat, Maharashtra, Telangana, Assam and Meghalaya, boosting supply chain diversification and Indo-Pacific cooperation. Major investments include Toyota, Suzuki, Daikin and JFE Steel in manufacturing, and semiconductor initiatives with Fujifilm, Toho Koki and IIT Guwahati. Partnerships in AI, quantum technologies and submarine cable infrastructure aim to strengthen India's technology ecosystem and global electronics ambitions.
Tata Electronics has overtaken Foxconn in iPhone exports from India under the FY22–FY26 PLI scheme, shipping $26.3 billion worth versus Foxconn's $25.6 billion. Tata also reached $35.5 billion in total production (46.01% share), narrowing Foxconn's $38 billion lead. Foxconn maintains dominance in domestic sales, with $12.4 billion versus Tata's $6.3 billion. Entering later via Wistron's 2023 acquisition and a 60% Pegatron India stake in 2024, Tata quickly became Foxconn's key rival, reshaping India's iPhone manufacturing into a two-player race under the PLI scheme.
Jefferies’ Chris Wood warned that Wall Street may soon resist hyperscalers’ heavy AI spending, calling it potential “massive capital destruction.” Microsoft, Meta, Amazon, and Alphabet have issued $144 billion in bonds in 2026, surpassing 2025’s $83 billion, even as their shares have surged up to 180% since 2023. However, they’ve dropped 9% since May, underperforming the S&P 500. Wood predicts AI frenzy will end as markets push back against debt-fuelled investment, echoing Austrian economists’ “malinvestment” concerns, after $2 trillion evaporated from tech giants’ market value.
Foxconn reported a 39.8% year-on-year jump in Q2 revenue to T$2.513 trillion ($78.71 billion), beating forecasts, driven by surging demand for AI products. Its cloud and networking division, including AI servers, and smart consumer electronics like iPhones posted strong growth. June revenue hit a record T$821.8 billion, up 52.1%. The company expects continued sequential and annual growth in Q3, led by AI server demand, but warned of geopolitical and economic uncertainties. Shares are up 4.3% in 2026, lagging Taiwan's 61.5% market surge.
Dixon Technologies has received government approval for its long-awaited joint venture with Vivo Mobile India, in which Dixon holds 51% and Vivo 49%. The JV, delayed due to Press Note 3 scrutiny, is expected to significantly boost production volumes. Analysts have upgraded Dixon's revenue and earnings estimates, with prospects of improved margins through backward integration and export opportunities. While the stock has already risen 17% in a month to ₹13,420, the JV positions Dixon for strong long-term growth despite limited near-term upside.
RIR Power Electronics Ltd, a Halol-based semiconductor manufacturer, will debut on the NSE on 16th July, achieving dual-listing alongside its BSE presence since 1986. With a market capitalisation of about ₹1,257 crore, the company specialises in high-power semiconductor devices for railways, defence, electric vehicles, and power generation. The NSE listing aims to enhance stock liquidity, improve price discovery, and expand investor participation. This move is expected to attract both institutional and retail investors, strengthening the company's market visibility and growth prospects.
Onida plans to revitalise its market presence by expanding dealer networks and identifying 1,000 benchmark outlets to drive higher retail performance. The company aims to shift from the affordable segment to the mass-premium category, reconnecting with older customers and attracting younger buyers. This strategic repositioning comes amid fierce competition from LG, Samsung, Voltas, and Bluestar, alongside a growing consumer durables market projected to hit ₹3 trillion by FY29. Strong summer demand has already boosted the sector's outlook for FY27, according to Motilal Oswal.
Nomura's research warns that the next telecom tariff hike could strain Indian consumers, as mobile tariffs have risen 19–29% every two years from 2019 to 2024. The brokerage expects another 15% increase by Q3 FY27. While operators justify hikes by citing India's extremely low revenue per user and per-gigabyte rates globally, Nomura cautions that consumer spending power is limited. Brokerages repeatedly flag these hikes as part of an ongoing tariff repair cycle that balances profitability with affordability in the telecom sector..jpg)
Over the past two years, the Department of Telecommunications (DoT) has disconnected over five crore fake mobile connections and recovered more than 12 lakh lost and stolen phones, preventing cyber frauds worth ₹1,800 crore through the Financial Fraud Risk Indicator (FRI) framework. Director General (Telecom) Anand Khare highlighted the importance of coordinated action among government bodies, banks, and telecom operators. The AP LSA led with 2.04 lakh phone recoveries and dismantled 11 illegal telecom and cybercrime setups in 2025-26.
Delhi's EV Policy 2026, effective from July 1, 2026, aims to phase out ICE vehicles in stages while offering ₹70 billion in incentives and ₹80 billion in infrastructure support. New ICE two-wheelers end April 2028, and commercial 3W/sub-3.5-tonne vehicles from January 2027. Subsidies up to ₹50,000 and scrappage incentives of ₹1 lakh are offered. Morgan Stanley notes limited immediate impact but warns wider state adoption could pressure automakers, especially in motorcycles, while firms like Hero, Bajaj, and TVS are better positioned.
Battery-as-a-Service (BaaS) is lowering EV upfront prices in India, with cars like Tata Punch EV dropping to ₹6.5 lakh and Creta Electric to ₹11 lakh. Buyers, however, face recurring battery costs of ₹2.3–5/km, minimum monthly usage charges, and dual EMIs. Low-mileage users may pay more per km due to unused billing. While BaaS improves affordability and can save ₹3–5 lakh over time for high-mileage drivers, real ownership costs over 5–8 years depend heavily on driving patterns and financing terms.
%20scheme.jpg)
|
A newsletter published by ELCINA, New Delhi. The information contained in this newsletter is for private circulation only. Despite our best efforts, some errors could have crept in. You are advised to verify authenticity of the information before further use. Electronic Industries Association of India (ELCINA) ELCINA House, 422 Okhla Industrial Estate, Phase-III, New Delhi 110020 (India). E-Mails: info@elcina.com Tel: 011-41615985, 41011291 Website: www.elcina.com |