Apple and Samsung make 94% of India’s smartphone exports as Made in India mobile shipments grows 6% in 2024
1 week ago

Apple and Samsung make 94% of India’s smartphone exports as Made in India mobile shipments grows 6% in 2024

The Hindu  

Apple and Samsung have accounted for around 94% of India’s smartphone exports, noted Counterpoint’s ‘Make in India’ Service on Thursday. Overall, ‘Made in India’ smartphone shipments grew 6% year-over-year in 2024 primarily due to these two brands. “Both the brands have significantly expanded their manufacturing in India to align with the country’s objective of reducing reliance on imports and strengthening its presence in the global supply chains,” the research firm said. Samsung retained its position as the top smartphone manufacturer in India in 2024, registering a 7% YoY growth and driven by a 13% YoY increase in its exports. Foxconn Hon Hai’s manufacturing volumes grew 19% YoY in 2024 backed by Apple iPhone 14, iPhone 15 and iPhone 13 models.

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