According to Reuters, the Indian government announced on July 9, 2026 that it would officially cancel some import tariffs used to manufacture mobile phones and other electronic equipment. This policy adjustment involves the previously levied tax rates of 7.5% and 5%, aiming to further enhance the cost competitiveness and industrial supporting capabilities of the local manufacturing industry. This move is expected to benefit electronic giants such as Apple and Xiaomi in India.
This tax exemption policy covers a variety of key components, including core components of mobile phone wireless charging modules, medical equipment and automotive displays, as well as lithium-ion battery cells. It is reported that the tariff reduction policy will be effective until March 31, 2029.
Industry analysts pointed out that this move will not only promote the localization process of the electronic product industry chain, but is also expected to further stimulate the investment vitality of India's domestic battery production industry through the import tax reduction and exemption for lithium-ion battery cells, thereby driving the development of related electronic products and electric travel fields.
In recent years, India's electronics manufacturing industry has developed rapidly. Data show that in the past ten years, India's smartphone production has achieved a 28-fold leap, and in the 2024/25 fiscal year, its total production value has reached 5.45 trillion rupees (approximately US$57 billion). According to the plan, the Indian government is committed to increasing the scale of the electronics manufacturing industry to US$500 billion in fiscal year 2030. In this context, this tariff adjustment is regarded as one of the key steps for the government to promote the realization of this ambitious goal.