{
  "id": 8926896,
  "title": "India hopes to build domestic smartphone brands. Nothing’s CMF wants a share of that",
  "url": "https://urgent.news/2026/09/21/india-hopes-to-build-domestic-smartphone-brands-nothings-cmf-wants-a",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T13:15:03.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/companies/india-hopes-to-build-domestic-smartphone-brands-nothings-cmf-wants-a-share-of-that-10887857/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Nothing's CEO Carl Pei has announced plans to spin off the company's CMF sub-brand into a standalone Indian company, with the new entity to be majority-owned by Indian shareholders and headquartered in India. This move is aimed at building a global consumer electronics brand from India, with a focus on product engineering, R&D, and intellectual property. The announcement comes shortly after the Indian government notified its new Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), which seeks to encourage Indian-owned mobile phone brands and domestic design and R&D.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}