India's Dixon Tech, Amber Enterprises gain after customs duty on some mobile phone components waived
09/07/2026 07:28
BUZZ-India's Dixon Tech, Amber Enterprises gain after customs duty on some mobile phone components waived ** Shares of Indian electronics manufacturing services providers gain after waiver of duty on some mobile phone components
** India has waived basic customs duty on goods used to make display assemblies and inductor coil modules used in mobile phones for wireless charging
** The move aims to support domestic production, with the customs duty relief remaining in force until March 31, 2029, giving manufacturers time to plan investments and expand local output of these components
** Dixon Technologies (India) DIXO.NS jumps 4.5%, Amber Enterprises India AMBE.NS rises 2.9%, and Syrma SGS Technology SYRM.NS gains 2.9%
** YTD, DIXO up ~12%, AMBE up ~20% and SYRM up ~92%
(Reporting by Vijay Malkar)
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