India-made mobile phone shipments grew 7 percent in Q1 2022 – Technology News, Firstpost
FP StaffJune 17, 2022 15:31:37 IST
According to a report by market research firm Counterpoint Research, shipments of smartphones manufactured in India exceeded 48 million units in the first quarter of this year.
The report states that shipments of devices made in the country grew 7 percent year-on-year (YOY) during the quarter, while feature phone production declined 41 percent year-on-year.
The report states that the growth of phones made in India can be attributed to the increasing demand for smartphones in the country, as well as an increase in exports. In 2021, Indian manufacturers shipped more than 190 million units, and this year they are likely to comfortably exceed that number.
“In the smartphone segment, third-party electronic manufacturing services (EMS) suppliers captured a 42 percent share of local production, registering a 4 percent year-over-year growth in terms of shipments,” the report said.
Of all the EMS providers in the country, the Indian branch of Taiwanese manufacturers Foxconn, Bharat FIH, topped the list in the first quarter of 2022. Homegrown Dixon Technologies followed Bharat FIH in the smartphone manufacturing segment, although Lava made the most feature phones. , and had a 21 percent market share.
Looking at brands, Oppo shipped the most made-in-India smartphones in China during the quarter, followed by Samsung. The two smartphone makers had 22 percent and 21 percent market share respectively in the total number of made-in-India smartphones shipped.
Mobile phone production in India has gained momentum in the past two years after the Indian government introduced a manufacturing incentive scheme (PLI) for manufacturers. Under this, the government is giving manufacturing companies 4-6 percent cash incentives for the incremental sales of goods manufactured in India in the 2019-20 base year.
Although the scheme was introduced in 2020, most PLI applicants fell short of targets last year due to widespread supply chain shortages, pandemic-induced lockdowns and other restrictions. The government, in turn, chose to extend the term of the scheme to 2025-26, rather than the earlier end date of 2024-25.
“Going forward, we expect mobile phone production in India to grow by 4 percent year-on-year by 2022,” Counterpoint said in its report. and feature phones.