In a recent news update Samsung and Apple have led up to a 94% proportion of overall Indian Smartphone exports. The new statistics were released by Counterpoint’s ‘Make India” Service on Thursday. The smartphone shipments from India grew by 6% year on year in 2024. The exports numbers have been primarily driven by these two brands whose profound recognition overseas has helped as well.
Both the brands have been able to expand their manufacturing base in India and their production prowess has now been able to align with the country’s global objectives of reducing the dependence on imports and strengthening its presence in the global market supply chains.
Brand Wise Growth Stats
Samsung had been able to retain its position as a top smartphone manufacturer in India in 2024, The brand has been able to showcase a 7% YOY growth and driven by a 1% YOY increase in Exports.
Vivo gained the second spot with a 14% YOY growth to capture a 14% shipment share. Foxconn Hon Hai manufacturing Volumes grew 19% YOY in 2024 backed by Apple iPhone 14, iphone 15 and iphone 13 Models.
Beyond the other brands Oppo slipped to fourth place as the largest manufacturer, with its shipments declining by 34% YOY. Xiaomi and Realme further drove DBG’s shipments into double digit growth in 2024.
Tata Electronics was one of the fastest growing smartphone manufacturers in 2024 with a 107%year on year growth. Models like iPhone 15 and iPhone 16 models were a major contributor in the same.
In the overall Mobile handset segment, Dixon emerged as the Top manufacturer with strong shipments from Transsion brands and Motorola. In the smartphone segment, Dixon grew 39% YOY backed by new partnerships with Transsion brands and Realme. Beyond other factors, export conducive schemes such as Production linked incentive schemes has encouraged global manufacturers to set up their production facilities in the country.
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