2Q22: 16% YoY Growth In ‘Made in India’ Smartphones

- Advertisement -

OPPO and Lava lead smartphones and feature phones shipments respectively

In the April-June quarter of 2022, shipments of smartphones manufactured in India witnessed a 16% YoY growth. The latest research on ‘Made in India’ products revealed interesting data points. As the Production Linked Incentive (PLI) Scheme is applicable for this segment, the industry players were incentivised to enhance productivity in order to meet the essential criteria. With this impressive growth, the smartphone shipment stood at 44 million units in this quarter.

It is noteworthy that the local manufacturing push is positively impacting the adjoining sectors like CIoT. In the wearable segment, TWS contributed a big 16% and stood first in domestic manufacturing. Neckbands and smartwatches closely followed with 8.4% and 6.2% contributions respectively.

- Advertisement -

 

What The Researchers Say

Saying that the Made in India smartphone shipments grew as compared to last year, Senior Research Analyst Prachir Singh commented: “During the quarter, we witnessed increasing investments in the Indian manufacturing ecosystem with new plants being set up as well as existing ones being expanded. Recently, OPPO announced the Vihaan initiative under which it plans to invest $60 million in the next five years to empower the local supply chain. Samsung also increased its manufacturing with the premium segment smartphones, especially the Galaxy S series. Going forward, the upcoming festive season will further drive the Made in India shipments due to the expected increase in local demand.”

Commenting on the government’s focus, Research Analyst Priya Joseph said, “The government aims to make India an electronics manufacturing hub in the next four to five years. In its vision document released earlier, the government considers consumer electronics segments like smartphones, laptops, tablets, TVs, TWS and electric components as among the most promising for India’s transformation as an electronics hub. To help drive more initiatives under the themes of Make in India and Digital India, the government, in its last budget, pushed the total allocation to $936.2 million. This step not only aims to incentivize India-based manufacturing but also catalyse investments in the sector to support job creation, ease of doing business, import reduction and export promotion.”

The report suggests that the government’s push for a holistic semiconductors ecosystem will lead to a rapidly expanding electronics manufacturing and innovation ecosystem going ahead. It will attract manufacturers and investors while also making India a crucial player in the global value chain.


 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Tech Mahindra Opens Telco Smart Analytics Lab in UK

0
Situated in Milton Keynes, the lab aims to develop data analytics solutions on Google Cloud India-based IT company, Tech Mahindra recently announced its dedicated Google...

GODI India Manufactures 3000F high power supercapacitor

0
Integration with battery packs would improve the battery life of EV, says GODI GODI India, the country's leading company to have homegrown technology to make...

Itron And SmartThings Collab: Aiming For Carbon Reduction

0
Companies will share their respective services like distributed intelligence (DI) ecosystem and real-time energy readings As per the latest reports, Itron and SmartThings are all...

Exclusive

Tech Mahindra Opens Telco Smart Analytics Lab in UK

0
Situated in Milton Keynes, the lab aims to develop data analytics solutions on Google Cloud India-based IT company, Tech Mahindra recently announced its dedicated Google...

GODI India Manufactures 3000F high power supercapacitor

0
Integration with battery packs would improve the battery life of EV, says GODI GODI India, the country's leading company to have homegrown technology to make...

Itron And SmartThings Collab: Aiming For Carbon Reduction

0
Companies will share their respective services like distributed intelligence (DI) ecosystem and real-time energy readings As per the latest reports, Itron and SmartThings are all...

Important Sectors

Tech Mahindra Opens Telco Smart Analytics Lab in UK

0
Situated in Milton Keynes, the lab aims to develop data analytics solutions on Google Cloud India-based IT company, Tech Mahindra recently announced its dedicated Google...

GODI India Manufactures 3000F high power supercapacitor

0
Integration with battery packs would improve the battery life of EV, says GODI GODI India, the country's leading company to have homegrown technology to make...

Itron And SmartThings Collab: Aiming For Carbon Reduction

0
Companies will share their respective services like distributed intelligence (DI) ecosystem and real-time energy readings As per the latest reports, Itron and SmartThings are all...

Apple Making iPhone 14 In India!

0
As per the latest reports, Apple has started manufacturing iPhone 14 in India. Foxconn’s Sriperumbudur facility situated on the outskirts of Chennai is the...

Hadean Raises $30M; Will Boost Metaverse Infra Tech

0
The company aims to scale its metaverse capabilities; provide creators with tools in emerging metaverse markets In the Series A Funding round led by Molten...

Manufacturing

Apple Making iPhone 14 In India!

0
As per the latest reports, Apple has started manufacturing iPhone 14 in India. Foxconn’s Sriperumbudur facility situated on the outskirts of Chennai is the...

Global UAV Mkt To Grow At 18.41% CAGR

0
The report 'Global UAV Market 2022-2026' lists the opportunities and challenges lying ahead for this sector A recent report released by Technavio expects the global...

Semiconductors and Display Manufacturing: Ready for Another Boost

0
Govt says that tech nodes of 45nm account for half of the total semiconductor market in India Central Cabinet, in a recent meeting, approved a...

High Efficiency Solar PV Modules Manufacturing Gets Govt Push

0
The scheme is poised to reduce import dependence while generating domestic employment opportunities PM-chaired Union Cabinet recently approved the implementation of Tranche II of the...

MediaTek & Qualcomm Dominate the Smartphone AP Market

0
MediaTek led the shipments, while Qualcomm grabbed the most revenue in Q2 2022 As per the latest reports, the second quarter of this year witnessed...