ENA Sectors 2025-09-15 16:36:41 <p><span style="font-size:14px"><strong>New Delhi, Sep 15 (KNN)</strong> Indias smartphone exports have exceeded Rs 1 lakh crore in the first five months of the current financial year (FY26), marking a new record, according to industry estimates.</span></p> <p><span style="font-size:14px">The figure reflects a 55 per cent rise compared to the Rs 64,500 crore recorded during the same period in FY25, despite ongoing tariff and trade frictions with the United States.</span></p> <p><span style="font-size:14px">Industry sources indicated that Apples contract manufacturers, Tata Electronics and Foxconn, accounted for nearly three-fourths of outbound shipments, contributing over Rs 75,000 crore to the total, according to The Economic Times.</span></p> <p><span style="font-size:14px">The companys expanded production in Tamil Nadu and Karnataka has been supported by the governments production-linked incentive (PLI) scheme, which has encouraged the shift of global supply chains into India.</span></p> <p><span style="font-size:14px">A significant share of Indias smartphone exports has been directed to the US market.</span></p> <p><span style="font-size:14px">In the first half of 2025, 78 per cent of iPhones assembled in India were shipped to the US, compared to 53 per cent in the previous year.</span></p> <p><span style="font-size:14px">This trend has contributed to India capturing 44 per cent of the US smartphone import market, while Chinas share declined sharply to 25 per cent, from 61 per cent in mid-2024.</span></p> <p><span style="font-size:14px">Overall, shipments of Made-in-India smartphones grew by more than 240 per cent year-on-year. Alongside China and Vietnam, India is emerging as a key hub in global electronics manufacturing.</span></p> <p><span style="font-size:14px">Companies such as Samsung and Motorola have also begun increasing their export share from India, though on a smaller scale compared to Apple.</span></p> <p><span style="font-size:14px">Motorola continues to rely heavily on Chinese facilities, while Samsungs primary base remains in Vietnam.</span></p> <p><span style="font-size:14px">The growth reflects Indias rapid expansion in mobile manufacturing capacity. The country now hosts 300 mobile production units, a sharp rise from just two in 2014.</span></p> <p><span style="font-size:14px">In FY14, only 26 per cent of mobile phones sold domestically were made in India; today, that figure stands at 99.2 per cent, according to government data.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43503 https://knnindia.co.in/news/newsdetails/sectors/indias-smartphone-exports-cross-rs-1-lakh-cr-in-fy26 2025-09-15 16:36:41 knnindia.co.in