Electronic Components (ECMS)

Electronics plants need machining centres for enclosures, presses, drills and plating lines for PCBs, and assembly/test equipment. ECMS pays a 25% capex subsidy to companies that make such equipment in India.

Almost all electronics production equipment is imported from China, Japan, Germany and Korea. Segment D is the one window still open (until 30 Apr 2027), and Jyoti CNC's ₹1,021 Cr approval (Aug 2026) is the largest so far.

Each enclosure plant needs thousands of CNC machines; every new PCB fab buys drills, presses and plating lines. Indian machine-tool makers can win a share of a growing capex wave, at machine-tool margins.

• Enclosure and PCB capex wave under ECMS
• 25% capex subsidy for local equipment makers
• Defence and aerospace precision-machining demand

• Precision, speed and reliability gap versus Japanese/Taiwanese machines
• Imported controllers, spindles and linear guides
• Customer trust for high-uptime lines

• Orders from electronics customers
• Capacity additions and utilisation
• Share of revenue from electronics