India Smartphone Exports Surge 28%

In 2025, 'Made in India' smartphone shipments increased by 8% year-on-year, primarily driven by a 28% surge in exports, which accounted for approximately one-third of all smartphones manufactured in India. Domestic sell-in also grew by 1%. This growth positioned electronics as the third-largest export category for India in FY25, with projections to become the second largest in FY26. Key beneficiaries include Foxconn, which saw a 48% YoY growth in exports due to strong Apple Inc. shipments, and Tata Group, another Apple Inc. assembler. Samsung Electronics' in-house production also contributed to the export uptick. Dixon Technologies (India) emerged as the leading Electronics Manufacturing Services (EMS) player with a 19% market share and 89% YoY growth, fueled by orders from Lenovo — Motorola Mobility, Realme, and Xiaomi. Bhagwati Products Limited also entered the top five manufacturers, benefiting from outsourcing by Vivo, Oppo, and Realme. The Indian government's support through SEZ reforms, budgetary allocations, and FDI relaxations has been crucial. However, challenges such as potential logistics disruptions from the US-Iran war and rising memory prices are noted as near-term headwinds.