Smartphone export from India to cross $1.5 bn: techARC

The value of exports of smartphones from India is expected to cross $1.5 billion in 2020, according to market research firm techARC.
Smartphone customers on 4G networkMobile phone makers exported 12.8 million mobile phones from India from January to September this year and of these, 10.9 million units were smartphones.

Samsung exported 11.6 million units of phones. Xiaomi exported 0.6 million in the January-September period.

Samsung exported 9.8 million units of smartphones, followed by Xiaomi at 0.6 million and Lava at 0.2 million smartphones.

The other smartphone exporters in the top 5 were Vivo and OnePlus.

Samsung A51 is the most exported smartphone from India.

“India has been exporting mobiles to destinations like the UAE and neighbouring SAARC countries for quite some time. However, Make in India initiative has made India a global exporter of mobile phones,” said Faisal Kawoosa, founder and chief analyst, techARC.

Today, India is exporting to 24 countries, some of which are further re-exporting, like the UAE, to other markets, making India-made phones available to millions of users,” Faisal Kawoosa said.

Covid-19 had a severe impact on the exports, with volume sharply falling to 1.2 million in the April-June quarter from 7.4 million in the January-March period.

The production-linked incentive (PLI) scheme worth around Rs 1.45 lakh crore in favour of 16 electronics companies including 10 mobile handset manufacturers will further strengthen the country’s positioning in the global mobile market, according to the report.

Latest

More like this
Related

U.S. judge allows DOJ antitrust lawsuit against Apple to proceed

A U.S. judge has ruled that Apple must face...

Apple revamps EU App Store fees under DMA, adds charges for external payment links

Apple has shifted its App Store strategy in the...

HONOR X9c launches in India: Innovation, durability, and user-centric design converge

HONOR is set to launch the HONOR X9c in...

AR/VR headset market surges 18% as Meta leads and innovation drives shift to Mixed and Extended Reality

The global AR/VR headset market is undergoing a pivotal...