According to Counterpoint’s “Make in India” tracker, smartphone manufacturing in India recorded an 8% growth year-over-year in 2025. The growth was fueled by a 28% year-over-year surge in exports and a modest 1% increase in domestic shipments. Exports accounted for one-third of all smartphones manufactured in India.
Foxconn Hon Hai, Apple’s main contractor, had a particularly strong showing with an impressive 48% YoY growth. Tata Electronics, being another key assembler for Apple, also contributed to the exports. Samsung’s exports, on the other hand, grew only 4% compared to 2024.
The electronics manufacturing industry became the third largest export category in the fiscal year 2025, driven largely by smartphones. It’s expected that it will become the second largest category in FY2026.
Dixon Technologies, which makes Motorola, Realme and Xiaomi phones, saw a staggering 89% growth in orders. Bhagwati Products Limited, on the other hand, benefited from vivo’s recent decision to outsource some of its production, although orders from Oppo and Realme contributed to the company’s success as well.
Looking ahead, the rise in 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 shift its focus to laptops and tablets. They believe these two market segments will provide the country with longer-term success.
