Smartphone exports set to top ₹1.70 L cr, rise 31%
Financial Express Mumbai|December 23, 2024
INDIA'S SMARTPHONE EXPORTS are set to cross ₹1.70 lakh crore in the current financial year - which would be a rise of 31% from ₹1.29 lakh crore in FY24.
RISHI RAJ

Around 70% of the shipments will be made up of iPhones. Products of Samsung and domestic contract manufacturer Padget Electronics (Dixon) and a small amount of merchandise exports will make up the balance 30%.

According to industry sources, smartphone exports reached ₹1.10 lakh crore in the April-November period, which is 45% higher than the export figure of ₹76,221 crore for the corresponding period in FY24. In November, monthly exports stood at ₹20,000 crore, the highest. Apple's iPhone vendor Foxconn, based out of Tamil Nadu, was the largest contributor to smartphone exports.

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