Micromax founder Rahu Sharma’s BPL eyes electronics component foray by year-end
The company had detected the land for component production and soon announced its joint venture partner, Sharma interacted on Tuesday. “BPL is trying to enter the production of components. We will start with the screen and expand mechanics,” Sharma said, the plan is to focus on high -valuable supply chain products.
Pushing the component of Sharma, looking for applications for subsidies of the government’s companies. La22,919 Crore Electronic Component Production Scheme. The program, which is applicable from this financial year, will provide incentives up to 25% of turnover and capital expenditures up to 10% in the establishment of facilities.
Sharma, “the production of the government, the government’s elected applicants for the incentives are not binding,” he said.
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BPL, which is also beneficial under the smartphone PLI scheme, has greatly missed the opportunity to get incentives within the scope of the plan, as it could not scale the production of Micromax phones and secured large orders from other smartphone companies. However, after the Chinese original design manufacturer (ODM) has created a joint venture with the company and purchased 49% shares, increased its production and resorted to incentives in FY25.
Huaqin’s entire product expertise will be reproduced in India, Sharma said Sharma, the focal point is on three different ecosystems: Smartphones, personal computers (PCs) and automotive electronics.
Huaqin bond
BPL also makes banking to switch from electronic contract production to the original design production in Huaqin’s global customer base, which pays attention to the full life cycle of electronic products from design to production and provides more control over the value.
BPL produces about 2 million smartphones per month and counts companies such as Vivo, Oppo, Miphi, OnePlus, Lenovo and Acer as customers.
To support the growing order book, the company, the larger flagship in Noida 15 Lakh SQ. Ft. In addition to the existing Noida factory, there are two more plants in Bhiwadi, Rajasthan and Haydarabad, TaLangana to make mobile phones and televisions of the company.
It aims for an income LaSmartphones, tablets, TWS (real wireless stereo) devices and storage solutions in the middle of high demand in the middle of 26 financial years 15,000 CRORE and 25 million units by the end of this year aims to produce. BPL’s income increased 10 times in FY25 La6,200 crore.
“Design was a very challenging work for any electronic company. For BPL, Huaqin’s partner, the company’s chance to see scale is high and the industry will see another local ODM player after Dixon Technologies,” said Tarun Pathak.
Pathak said that margin EMS is as low as 2-3% lower compared to ODMs, which can produce 5-7% additional profit margin. The authority is expected to be over $ 100 billion in the next 3-4 years in the next 3-4 years.
Export pushing
Sharma, BPL’nin Motorola tablets and exports to countries such as the US expects to start, he said.
Sharma, “In the next 3-4 years, we will have the skill set needed by global brands. We will be fully equipped to create the necessary electronic products,” he said. BPL currently has 10,000 employees. He said he would invest in close to $ 10 million with a structured information transfer and upskilling program developed jointly with Huaqin.
“We will definitely need another PLI tour and the industry will reveal the same thing.” He said. The most successful incentive package, the smartphone PLI scheme, will end in the current financial year.
BPL plans to increase the focus of research and development and enter products such as AI servers and products such as augmented reality/virtual reality, including smart glasses.
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