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India's Smartphone Exports Soar to Record $2.4 Billion in October; $16 Billion Total for First 7 Months

Written by: Team Angel OneUpdated on: 12 Nov 2025, 7:41 pm IST
India’s mobile phone shipments reached a record $2.4 billion (₹21,274 crore) in October, marking almost a 50% rise in FY26 for April-October.
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India’s export of smartphones and related mobile devices posted an all-time monthly high in October 2025, with values hitting $2.4 billion (₹21,274 crore). This surpasses the figure for October 2024: ₹17,728 crore ($2 billion) and underscores the rapid growth of India’s electronics manufacturing and export ecosystem. 

Export Momentum and Growth Details

From April to October FY26, mobile exports are estimated at ₹1,41,824 crore ($16 billion), nearly 50% higher compared to ₹93,958 crore ($10.6 billion) in the same period last year. Exports during this seven-month stretch have already exceeded the total for FY24, which was ₹1,37,392 crore ($15.5 billion). 

Around 75% of these exports were produced by Apple’s vendor network, led by Foxconn and Tata Electronics, followed by Samsung at approximately 14%, with Indian firms making up the remainder. 

Implications for India’s Electronics Manufacturing

The record export figure reflects India’s rising significance in global electronics supply chains and aligns with government-driven production-linked incentive (PLI) schemes. Analysts note that while India still faces cost disadvantages compared to China, estimated at 12-14% the export data signals growing scale and credibility in mobile manufacturing. 

Read More: Dixon Technologies Targets 40 Million Smartphone Production in FY26!

Conclusion

October’s breakthrough in mobile exports is a strong indicator that India is gaining ground in global electronics manufacturing. Sustaining this momentum will be key to transforming the “Make in India” vision into a lasting export success story.

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.

Published on: Nov 12, 2025, 2:10 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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