Indian smartphone makers struggling to meet PLI targets

New Delhi: Most Indian smartphone manufacturers including Lava and Bhagwati (Micromax) are struggling to meet their incremental targets under the production-linked incentive (PLI) scheme for the third year in a row in FY24, underlining challenges in the government’s efforts to create local manufacturing champions.

Dixon Technologies is set to be among a few exceptions as it has some big orders and signed some new ones, industry executives said.