Made-in-India smartphone shipments rose 6% in 2024: Apple, Samsung drove 94% of exports | Report

Apple and Samsung accounted for almost 94% of India’s smartphone exports in 2024, driving on continued enlargement of their native manufacturing operations, in keeping with market analysis agency Counterpoint’s ‘Make in India’ Service report.

Shipments of Made-in-India smartphones grew 6% year-on-year in 2024, led by a surge in exports by the 2 international giants, the report added.

Development projection for 2025

Smartphone manufacturing in India is predicted to develop in double digits in 2025, alongside rising native worth addition.

“Main international smartphone producers are more and more diversifying manufacturing to make sure a extra resilient provide chain and minimise the dangers related to over-reliance on a single nation,” mentioned Prachir Singh, Senior Analysis Analyst at Counterpoint.

By the numbers

As per the report, Samsung was the highest smartphone producer in India in 2024, recording 7% year-on-year (YoY) development. The expansion was largely pushed by export momentum, reinforcing its place as a key participant in India’s electronics manufacturing panorama.

Vivo secured the second spot with 14% YoY development, capturing a 14% cargo share, attributed to its offline retail enlargement and enhanced distribution community.Foxconn Hon Hai, backed by Apple, reported 19% development in India manufacturing volumes in the course of the yr. In distinction, OPPO slipped to fourth place, with shipments declining 34% YoY, impacted by intensified competitors and a rising dependence on contract manufacturing.

Tata Electronics’ development

Tata Electronics emerged because the fastest-growing producer within the nation in 2024, with a 107 % year-on-year enhance in volumes, pushed by manufacturing of the iPhone 15 and iPhone 16.

The corporate’s development was supported by the enlargement of its iPhone meeting facility, plans to arrange semiconductor fabrication and OSAT crops, together with acquisitions and diversification in partnerships. Counterpoint mentioned these developments have positioned Tata Electronics as a key participant within the international electronics provide chain.

Within the total cellular handset section, which incorporates each smartphones and have telephones, Dixon Technologies emerged as the highest producer, pushed by robust shipments for Transsion manufacturers and Motorola.

“India presents itself as an ideal manufacturing vacation spot resulting from an enormous native market, inexpensive labour prices and beneficial schemes from the federal government centered on rising native manufacturing,” mentioned Tanvi Sharma, analysis analyst at Counterpoint.