Dixon Technologies shares rallied after the Indian government approved the Mobile Phone Manufacturing Scheme (MPMS), also known as Mobile PLI 2.0. The revamped program features a total outlay of Rs 6,250 crore.
The scheme remains active until FY31 and replaces the previous manufacturing initiative. Brokerages identify Dixon Technologies as a primary beneficiary of the new policy.
The program offers production-linked incentives and additional rewards for sourcing components domestically. This initiative serves as a major catalyst, solidifying Dixon's position in India's electronics manufacturing ecosystem.