India’s Smartphone Manufacturing on the Rise
The ‘Made in India’ smartphone market is projected to grow 6% in 2024, driven by increasing exports from global tech giants Apple and Samsung. According to a recent report, these two companies alone account for 94% of India’s total smartphone exports in 2024. Their expansion of manufacturing facilities in India is strengthening supply chains and reducing dependence on imports.
Government Initiatives Fuel Growth
The ‘Make in India’ initiative and PLI (Production-Linked Incentive) scheme, spearheaded by Prime Minister Narendra Modi, have played a crucial role in attracting global manufacturers to establish and expand their production plants in India. As a result, smartphone production and exports have surged, making India a key manufacturing hub. Experts predict that the Indian smartphone industry will achieve double-digit growth by 2025, with an increase in local value addition.
Apple, Samsung, and Tata Electronics Drive Expansion
According to the report:
- Foxconn Hon Hai, Apple’s major supplier, saw a 19% increase in manufacturing volume in 2024. The company now plans to set up smartphone display module assembly in India.
- Tata Electronics emerged as the fastest-growing manufacturer, registering a 107% annual growth in 2024. Tata expanded its iPhone 15 and iPhone 16 assembly and entered semiconductor manufacturing with a new plant in Dholera, Gujarat.
- Samsung reinforced its leadership in India’s electronics manufacturing sector, recording a 7% growth in shipments due to increased exports.
- Vivo expanded its market presence, increasing its shipment share to 14% through an aggressive offline retail strategy and marketing expansion.
Key Players in India’s Smartphone Manufacturing Industry
- Dixon remained India’s largest mobile handset manufacturer.
- Transsion brands and Motorola recorded notable growth in shipments.
- Samsung and Apple continue to be the biggest exporters, leading the market.
India’s Future as a Global Smartphone Manufacturing Hub
Industry analysts believe that India’s smartphone manufacturing future is bright, as major global tech firms are investing heavily in local production. With the right policies and continued expansion, India is poised to become a leading hub for ‘Made in India’ smartphone exports in the coming years.
