Smartphone slump may hit applications for Mobile PLI 2.0
In short
A weak smartphone market could make it harder for companies to apply for Mobile PLI 2.0.
The scheme is meant to support Indian mobile phone brands with at least ₹10,000 crore in FY26 turnover. The report does not say how many companies will qualify or whether the rules will change.
What the reporting says
A smartphone market slump is likely to affect applications for Mobile PLI 2.0, according to BusinessLine’s Info-Tech summary. It says the new scheme is aimed at Indian mobile phone brands with at least ₹10,000 crore in FY26 turnover. The report does not say how many firms may apply or whether the scheme’s terms will change.
Why it matters
A slump in the smartphone market is likely to weigh on applications for Mobile PLI 2.0. The summary says the scheme targets Indian mobile phone brands with minimum turnover of ₹10,000 crore in FY26. No application numbers, policy revisions or company names are given, so the immediate impact on the incentive programme remains uncertain in the available reporting.