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India’s Smartphone Exports Cross ₹1 Trillion In 5 Months, Led by Apple and Samsung

Written by: Akshay ShivalkarUpdated on: 7 Oct 2025, 7:26 pm IST
Smartphone exports increased by 55% year-over-year between April and August 2025, driven by the PLI scheme and global demand.
India’s Smartphone Exports Cross ₹1 Trillion In 5 Months, Led by Apple and Samsung
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India’s smartphone exports crossed the ₹1 trillion mark between April and August 2025, highlighting the country’s growing strength in electronics manufacturing. According to official trade data, this represents a 55% rise compared to ₹64,500 crore achieved in the same period last year, marking a major milestone in India’s export diversification strategy.

Exports Surge Under PLI Boost

The latest export figures underscore the success of the government’s manufacturing reforms and policy support under the Production Linked Incentive (PLI) Scheme. Smartphone exports have jumped from ₹1.29 lakh crore in FY24 to ₹2 lakh crore in FY25. With the first five months of FY26 already touching ₹1 lakh crore, the sector appears on track to exceed last year’s total well ahead of schedule.

Introduced in 2020, the PLI scheme was designed to attract investment, boost manufacturing capacity, and make India globally competitive. Initially covering sectors such as electronics, pharmaceuticals, and medical devices, the scheme has since been expanded to 13 sectors, including automobiles, textiles, and white goods.

By November 2024, committed investments under the PLI framework had reached ₹1.61 lakh crore. That figure rose to around ₹1.76 lakh crore by mid-2025, spread across 806 approved projects, many of which have now moved into large-scale commercial production.

Apple and Samsung Lead the Charge

Apple and Samsung continue to dominate India’s smartphone export landscape. The ecosystem surrounding Apple, including Tata Electronics and Foxconn, has been instrumental in this growth. In just five months of FY26, these two companies alone exported over ₹75,000 crore worth of iPhones, contributing nearly three-fourths of India’s total smartphone exports during this period.

According to industry data for the first half of calendar year 2025, Apple and Samsung together accounted for approximately 94% of India’s smartphone exports. Apple led with a 60% share, while Samsung followed with 34%.

Motorola secured the third position with a 2.5% export share, shipping over one million units and overtaking Chinese manufacturers such as Xiaomi and Vivo.

Government Targets and Outlook

The government has set an ambitious goal of achieving $30–35 billion in smartphone exports for FY26, compared to approximately $24 billion in FY25. The PLI scheme remains central to this target, ensuring consistent policy incentives for domestic and global manufacturers investing in India.

Officials expect the sector to generate higher employment, strengthen the domestic component supply chain, and improve India’s position in global electronics trade. The continued expansion of mobile manufacturing clusters across states such as Tamil Nadu, Karnataka, and Uttar Pradesh is expected to further enhance export capacity.

Read More: PLI Scheme Deadline Extended for Textile Sector Till

Conclusion

India’s crossing of the ₹1 trillion smartphone export mark within just five months of FY26 signals the sector’s transformation into a major growth driver for manufacturing and trade. Supported by the PLI scheme and led by global players like Apple and Samsung, the country is steadily advancing toward becoming a global smartphone manufacturing hub.

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: Oct 7, 2025, 1:46 PM IST

Akshay Shivalkar

Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.

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