Surging exports and rising domestic demand fuel India’s smartphone boom, with Dixon leading, BPL emerging, and Apple and Samsung’s dominance highlighting a fast-growing, export-driven EMS landscape.
India’s smartphone manufacturing sector reported double-digit growth in Q2 2025, with ‘Made in India’ shipments rising 15 per cent year-on-year. The increase was driven by a 32 per cent surge in exports and an 8 per cent rise in domestic demand, according to a report by Counterpoint Research.
Dixon Technologies emerged as the country’s largest smartphone producer by shipments for the first time. The company recorded a 196 per cent year-on-year rise, climbing from sixth place in Q2 2024. Dixon’s momentum was fuelled by orders from Motorola, Transsion brands, Xiaomi, and realme.
Foxconn Hon Hai, meanwhile, secured second position with 71 per cent growth, supported by a jump in iPhone exports. Tata Electronics also gained market share, benefiting from strong demand for Apple products.
Notably, Bhagwati Products Limited (BPL) entered the top five smartphone manufacturers for the first time. The company became the fastest-growing EMS player, with production surpassing two million units per month, thanks to orders from vivo and OPPO.
Analysts noted that Chinese OEMs are increasingly outsourcing production to Indian electronic manufacturing service (EMS) companies, giving local firms greater prominence in the supply chain.
Senior Research Analyst Prachir Singh said the government’s new Electronics Component Manufacturing Scheme would further expand the ecosystem, supported by technology tie-ups with global ODMs and component suppliers.
Exports played a central role in the quarter’s growth. Apple remained the largest exporter, with iPhones accounting for a significant portion of outbound shipments.
Tanvi Sharma, a research analyst at Counterpoint, noted, “Geopolitical manoeuvring owing to Trump’s tariffs opened the way for India to become a more attractive destination for sourcing smartphones, leading to a surge in exports, especially for iPhones.”
Apple and Samsung together held over 93 per cent of exports. However, analysts stressed that sustaining this momentum will depend on deeper investments in India’s domestic component base.
