According to Counterpoint’s “Make in India” tracker, smartphone manufacturing in India is projected to grow by 8% year-on-year in 2025. The increase was driven by a 28% year-on-year increase in exports and a modest 1% increase in domestic shipments. One-third of all smartphones manufactured in India are exported.
Apple’s main contractor Foxconn Hon Hai had a particularly strong performance, with impressive growth of 48% year-on-year. Tata Electronics, being another major assembler for Apple, also contributed to exports. Samsung’s exports, on the other hand, grew only 4% over 2024.
Electronics manufacturing industry to become third largest export category in FY2025, largely driven by smartphones. It is expected to become the second largest category in FY 2026.
Dixon Technologies, which makes Motorola, Realme and Xiaomi phones, saw a staggering 89% increase in orders. Bhagwati Products Ltd, on the other hand, benefited from Vivo’s recent decision to outsource some of its production, although orders from Oppo and Realme also contributed to the company’s success.
Looking ahead, rising memory chip prices, the US-Iran war and the expected smartphone market decline in the country paint a grim picture for the smartphone manufacturing industry. That’s why analysts suggest that India should diversify its production lines and focus its attention on laptops and tablets. He believes that these two market segments will provide long-term success to the country.
