According to a recent study, “Make in India” smartphone shipments increased 16% year over year to 44 million devices in the first quarter of current fiscal year, meeting the requirements for the performance-linked incentive (PLI) scheme.
The Indian government’s promotion of various PLI programmer has been successful, and according to Counterpoint Research, “we witnessed increasing local manufacturing share in product sectors including wristwatch, TWS, neckband, and tablet.”
With a 24% share, OPPO took the lead in “Make in India” smartphone shipments, followed by Samsung and Vivo.
Lava held a 20% market share in feature phone shipments.
“In order to strengthen the local supply chain, OPPO recently unveiled the Vihaan programme, in which it wants to invest $60 million over the next five years. Additionally, Samsung raised its production of high-end smartphones, particularly the Galaxy S series “Prachir Singh, a senior research analyst, noted
In the smartphone market, internal production accounted for about 66% of all “Make in India” shipments in the June quarter, while 34% of shipments came from outside EMS (electronics manufacturing services) providers.
Bharat FIH, Dixon, and DBG were the top players among third-party EMS participants throughout the quarter.
In terms of shipments, Padget Electronics (396 percent YoY), Wistron (137 percent YoY), and Lava (110 percent YoY) produced the most smartphones during the quarter.
The study added that “PLI incentives may also be disbursed during Q3 2022, which will further improve the sentiments for local manufacturing.” With a share of more than 75%, Optiemus dominates smartwatch shipments from India.
TWS, which contributed 16% of the domestic production in the wearable market, was in first place, followed by neckbands and smartwatches.
The top three manufacturers according to TWS are Optima’s, Bharat FIH, and Padget. VVDN and Mivi account for 90% of the ‘Make in India’ shipments in the neckband category.
The leading companies in the tablet market are Wingtech, Samsung, and Dixon, while Dixon, Radiant, Samsung, and LG control 50% of the TV market.
“In the next four to five years, the government wants to turn India into a center for the production of electronics. The government increased the entire budgetary allotment to $936.2 million in its most recent budget in order to support more initiatives around the themes of “Make in India” and “Digital India,” “said Priya Joseph, a research analyst.