India is rapidly emerging as a key player in global smartphone manufacturing and exports. Recent government data shows that India’s smartphone exports to the United States have more than tripled compared to last year. A strong supplier ecosystem, expanding local production units, and competitive manufacturing costs are helping India strengthen its position in the global electronics supply chain. Even in a year marked by political uncertainty and tariff disputes across several countries, India’s smartphone export industry has continued to grow at a steady pace.
Let us understand this latest development in detail.
What’s Happening?
India’s smartphone exports to the United States have surged significantly, reaching $1.47 billion in October 2025, up from $0.46 billion in the same month last year. Between April and October 2025, total shipments to the US rose to Rs 89,474 crore, compared to Rs 29,880 crore in the same period last year.
Overall, from April to October 2025, India’s smartphone exports increased by nearly 50%, rising from Rs 88,500 crore last year to over Rs 1,32,385 crore this year. Monthly trends further highlight the steady expansion of India’s smartphone manufacturing and export capabilities.
This growth has been supported by the Indian Government’s Production-linked Incentive (PLI) scheme, which has helped several major smartphone makers expand their manufacturing capacity in India.
India’s Global Export Momentum
India’s smartphone exports have not only risen sharply in the US but have also shown strong growth worldwide. Between April and October 2025, global shipments increased by 49.35% to $15.95 billion, up from $10.68 billion in the same period last year. The momentum remained firm, with May, June, and September recording strong YoY jumps of 66.54%, 66.6%, and 82.27%, respectively.
A recent report by the India Cellular and Electronics Association (ICEA) further highlighted this positive trend. The study showed that smartphone exports touched $1.8 billion in September, nearly 95% higher than a year ago.
Interestingly, August and September are typically slow months because factories undergo recalibration and demand tends to soften. Yet, exports remained unusually strong. This performance highlights a maturing manufacturing ecosystem and deeper collaboration between Indian facilities and global electronics companies.
What Does This Mean to Investors?
The sharp rise in India’s smartphone exports signals growing strength in the country’s electronics manufacturing ecosystem. As exports to the United States and other key markets increase, manufacturers with large production bases in India are likely to see stronger order flows and improved revenue visibility. Companies such as Dixon Technologies and Syrma SGS could benefit from higher contract-manufacturing activity.
Investors may view this as an indication that India is moving toward higher-value manufacturing and deeper participation in global supply chains.
What’s Next?
India’s mobile manufacturing story is clearly entering a new phase. The steady rise in smartphone exports shows that the country is no longer just assembling devices but is becoming a trusted part of global value chains. Exports to advanced markets signal that global brands now rely on India for quality, scale, and timely delivery.
ICEA expects mobile exports to touch $35 billion in FY26, up from $24.1 billion in FY25. This growth strengthens India’s position as one of the world’s top smartphone production and export hubs.
The next big push will come from scaling up further and building a stronger component and sub-assembly ecosystem within the country. As the industry expands, India will need to deepen local manufacturing capabilities, attract more suppliers, and maintain its cost competitiveness.
*The companies mentioned in the article are for information purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer
