As per the industry reports, India's smartphone exports have crossed Rs 1 lakh crore in value in the first five months of the financial year 2026, setting a new record as Apple leads. Even amid the global conflicts going on and also the trade disputes with the US, India’s smartphone export figure represented a significant 55 per cent increase.
Representational Image. File Pic
Sales of smartphones in India have skyrocketed in the last few years. With brands now trying to lower the price of their smartphones along with adding more features, Indian customers are now willing to spend open-heartedly on the smartphones. As per the industry reports, India's smartphone exports have crossed Rs 1 lakh crore in value in the first five months of the financial year 2026, setting a new record.
Even amid the global conflicts going on and also the trade disputes with the US, India’s smartphone export figure represented a significant 55 per cent increase. The smartphone sales saw a significant inclination from Rs 64,500 crore during the same period last fiscal year (FY25).
As reported by news agency IANS, tech giant Apple's contract manufacturers, Tata Electronics and Foxconn, made up nearly 75 per cent of outbound shipments, contributing over Rs 75,000 crore worth of exports, as per industry sources.
The report also suggested that the production-linked incentive (PLI) scheme incentivised US tech giant Apple to move its manufacturing capabilities into India.
Following that, Apple has increased production in Tamil Nadu and Karnataka, leveraging the PLI scheme while remaining insulated from potential tariff escalations.
Moreover, Apple has also dedicated most of its export capacity in the country to supply the US market so far in 2025.
The report also indicated that India's iPhone shipments to the US have increased significantly, with 78 per cent of domestically assembled iPhones exported there in the first half of 2025 -- up from 53 per cent the previous year.
Whereas India's share of US smartphone imports increased to 44 per cent this year, while China's share fell to 25 per cent, down from 61 per cent in mid-2024. Amid the positive intentions of the buyers towards smartphones in India, the total volume of “Made-in-India” smartphones grew over 240 per cent YoY.
Following the massive inclination in smartphone sales, India is now a major player in global electronics manufacturing along with China and Vietnam. With companies shifting production to diversify supply chains, India is set to make it big in the smartphone market.
Along with Apple, Samsung and Motorola have also increased their share of US-targeted supply from India. Although their shifts are significantly slower and smaller as compared to Apple. Motorola, on the other hand, has its core manufacturing hub in China, whereas Samsung relies mainly on producing its smartphones in Vietnam, as reported by the news agency IANS.
India now has 300 mobile manufacturing units, up from two in 2014. Reports say that during the financial year 2014, only 26 per cent of the mobile phones sold in India were locally made, which has surged to 99.2 per cent being manufactured domestically, according to government data.
(With inputs from IANS)
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