Apple, Samsung Lead India’s Smartphone Export Surge in 2024

In 2024, Apple and Samsung together contributed 94% of India’s smartphone exports, as per news reports. Their expanding local manufacturing played a major role in pushing India’s overall smartphone exports up by 6% year-on-year (YoY), as per news reports.

Tata Electronics Reports Highest Growth

Tata Electronics recorded a 107% YoY growth in 2024, making it the fastest-growing manufacturer. The company’s growth was driven mainly by the production of iPhone 15 and iPhone 16 models. Tata has also entered semiconductor manufacturing with a new facility in Dholera, Gujarat.

Dixon Leads in Overall Mobile Manufacturing

In the broader mobile handset category, which includes both smartphones and feature phones, Dixon emerged as the leading manufacturer. Dixon’s smartphone segment alone grew 39% YoY, supported by new partnerships with Transsion brands and Realme.

Foxconn and Vivo 

Foxconn Hon Hai, one of Apple’s major suppliers, grew its manufacturing volumes by 19% YoY in 2024. Vivo, supported by offline retail expansion and distribution network strengthening, grew 14% YoY and captured a 14% shipment share, securing the second position in terms of smartphone shipments.

Samsung Maintains Its Position

Samsung registered 7% YoY growth, largely driven by export volumes. The company continued to maintain its strong presence in India’s electronics manufacturing sector.

Oppo’s Decline and DBG’s Expansion

Oppo’s shipments declined by 34% YoY, moving the brand to fourth place in manufacturing rankings. DBG, however, saw double-digit growth due to its growing partnerships with Xiaomi and realme.

Conclusion 

Apple is increasing hiring across locations like Bengaluru, Chennai, Hyderabad, and Delhi to support its manufacturing expansion. The company is also planning to begin production of AirPods in Hyderabad by April. In 2024, Apple produced 26.4 million iPhones worth $9.37 billion from India, with production expected to increase to 31.5 million units in 2025 and 40.68 million by 2026.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.