India’s Mobile Output to Hit $75B with $30B Exports by FY26

India’s mobile phone manufacturing sector is set to reach a major milestone, with total production expected to touch USD 75 billion by the end of FY26, driven by exports of over USD 30 billion. According to the India Cellular and Electronics Association (ICEA), this growth reflects India’s rapid rise as a global electronics manufacturing hub.

ICEA Chairman Pankaj Mohindroo told PTI that overall electronics production in the country reached USD 133 billion in 2025, supported by strong export momentum and expanding global demand.

He highlighted that the Mobile Phone Production Linked Incentive (PLI) scheme, which runs until March 2026, has played a critical role in scaling manufacturing capacity and attracting global players to India. The completion of the scheme will mark an important transition, as the industry shifts its focus from rapid scale-up to consolidation and long-term competitiveness.

Mohindroo also noted that the next phase of growth will depend on deeper manufacturing, stronger component ecosystems, and closer integration with global value chains. Government initiatives such as the Electronics Component Manufacturing Scheme and approvals for semiconductor projects are expected to strengthen the domestic supply chain and reduce import dependence.

Industry experts echo this optimism. Neil Shah, Co-Founder and VP for Research at Counterpoint, said Apple’s expanding manufacturing footprint has significantly boosted India’s exports, especially to premium markets like the US.

He added that India produced nearly 30 crore mobile phones in 2025, with around 25 percent exported. Data from IDC also shows Apple recorded its highest-ever quarterly iPhone shipments in India, leading growth in premium and super-premium segments.

Source: Rediff