The Made in India smartphones are about to get 15% cheaper for local customers after a new tax reduction was implemented by the Finance Minister of India.
The 2024 Union Budget will see the basic customs duty on smartphone components reduced by 15% in order to make devices more affordable and boost the mobile industry in India.
The reduction only applies to parts and not completely built units – this means only phones assembled in India will be affected by the change.
According to analysts, the move is anticipated to boost local assembly and attract global investments. It could…
The Made in India smartphones are about to get 15% cheaper for local customers after a new tax reduction was implemented by the Finance Minister of India.
The 2024 Union Budget will see the basic customs duty on smartphone components reduced by 15% in order to make devices more affordable and boost the mobile industry in India.
The reduction only applies to parts and not completely built units – this means only phones assembled in India will be affected by the change.
According to analysts, the move is anticipated to boost local assembly and attract global investments. It could… Read More GSMArena.com – Latest articles
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