Lava to decouple production arm to boost PLI targets and attract new business

New Delhi: Domestic smartphone brand and contract manufacturer Lava International plans to decouple its production arm from the company to onboard business from other handset brands and help meet targets under the production-linked incentive (PLI) scheme for smartphones.

But the company, which has never been able to meet its PLI smartphone targets since the scheme began in 2020-21, is hopeful of a turnaround in its manufacturing fortunes with the upcoming incentive package for component production, head of manufacturing, Sanjeev Agarwal, told ET.