'Made in India' Smartphone Shipments Rise by 6%, Led by Apple & Samsung

According to a report released on Thursday, 'Made in India' smartphone shipments saw a 6% growth (year-over-year) last year primarily fueled by expanding exports from Apple and Samsung. Apple and Samsung, alone, contributed about 94% of India's smartphone exports in 2024, according to Counterpoint Research's report 'Make in India' Service.

Both of the companies have ramped up manufacturing substantially in India to support the country's vision of reducing imports dependence and strengthening its position in global supply chains. India's production-linked incentive (PLI) scheme has prompted global vendors to set up or expand their production base in the country, contributing to increasing local manufacturing.

As per Senior Research Analyst Prachir Singh, "India offers a wonderful manufacturing location due to its large local market, inexpensive labour and an attractive local manufacturing focus by the government."

He also stated that smartphone manufacturing in India is estimated to grow in double digits by 2025, which will also include enhancing local value addition. For 2024, Foxconn Hon Hai's volumes also increased year-on-year by 19%, supported by Apple.

Tata Electronics was the fastest growing manufacturer in 2024, registering 107 per cent YoY growth, with the iPhone 15 and iPhone 16 as the major volume contributors.

In the overall mobile handset segment (smartphones and feature phones), Dixon emerged as the top manufacturer with strong shipments from Transsion brands and Motorola, the report mentioned.