Samsung Leads as India’s Smartphone Manufacturing Grows in 2024
India’s smartphone production industry is going strong in 2024, with the made in India smartphone exports registering a 6% growth. The tech giants Apple and Samsung lead the exports boom in India, and their exports contribute to 94% of the overall smartphone exports. This points to the increasing prominence of India as a smartphone production base in the world.
According to The Hindu, the Year-on-year growth of made in India smartphones grew by 6%, majorly because of these two brands. The research firm, Counterpoint, said, “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.”
India Smartphone Manufacturing Growth Accelerates
Industry reports point out that India smartphone manufacturing growth is being fueled by increasing global demand, pro-business government policies, and rising investments from top smartphone brands. Apple and Samsung have both increased their production in India substantially, taking advantage of the cost advantages of the country and favorable export environment.
Samsung stayed on top as the top smartphone manufacturer in India in 2024, growing 7% compared to last year due to a 13% rise in its exports. Vivo came in second with a 14% growth and took a 14% share of total shipments.
Foxconn Hon Hai saw a 19% increase in production, mainly because of strong demand for Apple’s iPhone 14, iPhone 15, and iPhone 13 models. Oppo dropped to fourth place as its shipments fell by 34%.
DBG grew well too, helped by making phones for Xiaomi and Realme. Tata Electronics was the fastest-growing manufacturer, with a huge 107% jump in production, mostly due to large volumes of iPhone 15 and iPhone 16 models.
Apple and Samsung Exports from India Set New Benchmarks
The dominance of Apple and Samsung exports from India reflects global brands growing in India’s manufacturing capabilities. Apple’s iPhone exports have seen an increase in double digits alone, contributing significantly to the overall smartphone exports of the country. Meanwhile, Samsung remains a strong player, with a wide range of catering in various price segments.
Industry experts believe that the frequent performance of these two brands will strengthen India’s position as a global manufacturing center, especially geo -political stress companies to diversify production away from China.
India’s Smartphone Export Growth
The significant growth in made in India smartphone exports is a testament for the success of government initiatives such as India PLI scheme and strategic investment made by top smartphone exporters in India such as Apple and Samsung.
With India smartphone manufacturing growth showing no signs of slowing, the country is well-positioned to expand its share in the global smartphone market. As production scales and new players enter the scene, India’s ambition grows rapidly within the global manufacturing powerhouse.
