Mobile Phone Production To Hit $75 Billion By End Of FY26: ICEA
ICEA Chairman Pankaj Mohindroo told PTI that India delivered strong growth in electronics production, reaching $133 billion in 2025, while exports continued to expand sharply.
Mobile phone production in the country is expected to reach $75 billion, comprising export of over $30 billion, by end of the current fiscal year, industry body ICEA said on Monday.
India Cellular and Electronics Association Chairman Pankaj Mohindroo told PTI that India delivered strong growth in electronics production, reaching $133 billion in 2025, while exports continued to expand sharply.
"The Mobile Phone PLI scheme continued through 2025-26, and its impending completion in March 2026 will be another important milestone for the sector. Under this scheme, Indian mobile production scale has grown substantially, and we expect India to reach around $75 billion in mobile production with more than $30 billion in exports in Fiscal 2026," he said.
ICEA members include Apple, Foxconn, Dixon, Vivo, Oppo, and Lava.
Mohindroo said the deepening of the value chain through electronics component manufacturing scheme and semiconductor project approvals met industry expectations for an expanded ecosystem.
He said the conclusion of the mobile phone PLI scheme in March 2026 will be a key transition point for scale consolidation and planning the next phase of competitiveness.
"The next phase of growth will depend on India's ability to scale manufacturing further, specialise across product segments, and embed itself more deeply into global value chains for both finished goods and components," Mohindroo said.
Neil Shah, co-founder and vice president for Research at market research and analysis firm Counterpoint, said Apple has become a poster child for India by expanding its manufacturing post-US tariffs on China and with exports from India reaching a record high.
"India will be touching almost 30 crore units of mobile phone production and one in four smartphones produced in India was exported in 2025. High ASP (average selling price) or premium USA market is one of the largest export destinations driven by Apple, Samsung, and Motorola also boosting the export value reaching highest ever," Shah said.
According to the International Data Corporation's Worldwide Quarterly Mobile Phone Tracker for third quarter of 2025, Apple clocked its highest-ever supplies of 50 lakh iPhones for the domestic market in a quarter.
Apple leads both premium (smartphones priced in the range of Rs 53,000-71,000 apiece) and super-premium segment (priced above Rs 71,000 apiece) that drove the growth of the country's smartphone market in the September quarter.
