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Mobile Exports: Mobile makers bet on higher exports to grow, Telecom News, ET Telecom

Mobile Exports: Smartphone production for local consumption was up 8% year-on-year in the January to February period, with over 30 million units produced during the period, said Singh. He added that with exports combined, smartphone production jumped to 10-12% in the same period, driven by heavy exports from Apple.

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Mobile makers bet on higher exports to grow

Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers. "The only headroom for growth right now is by increasing exports from India," said Prachir Singh, senior analyst, Counterpoint Research.

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Apple s big bite: 1 in 7 iPhones now made in India - Technology News

Apple s big bite: 1 in 7 iPhones now made in India - Technology News
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1 In 7 iPhones Made In India

Apple's iPhone production in India has surged significantly, with $14 billion worth of smartphones manufactured in FY24, doubling the previous fiscal's output. This translates to one in seven iPhones globally being assembled in India. Over 70% of this production has been exported to Europe, the US, and Asia. Foxconn Hon Hai and Pegatron in Tamil Nadu, along with Wistron (now owned by Tata Group) in Karnataka, have been key contributors. These vendors, part of India's smartphone production-linked incentive (PLI) scheme, have surpassed investment targets, exemplifying the success of India's manufacturing push in the tech sector.

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Foxconn s Bharat FIH looks beyond Xiaomi to offset slump, Auto News, ET Auto

Bharat FIH diversifies beyond Xiaomi orders at Chennai campus to explore EVs, telecom equipment, and TVs. Leveraging Make in India initiative with PLI benefits, the company aims to support GOI s localization plans and expand capacity based on customer demand. Bharat FIH is now looking to power growth in segments such as telecom equipment, electric vehicles, televisions and displays.

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