In a boost to the "Make in India" effort, government and industry data revealed that India exported mobile phones worth £4.5 billion between April and August of the current fiscal year (FY24). As per the estimates by the Department of Commerce and the India Cellular and Electronics Association (ICEA), the April-August period saw mobile phone exports worth about £2.5 billion in the same period in FY22-23.
Industry insiders claim that Samsung was second to Apple in terms of exports of Indian-made phones between April and August, topping more than 50% of the overall estimated amount for the first time.
In the June quarter, Apple shipped nearly 50 per cent of the country's total 12 million smartphone shipments, as compared to Samsung's 45 per cent export.
According to market research company CyberMedia Research (CMR), Apple had a 6% market share of the Indian smartphone market in the first half and a commanding 63% market share of the super-premium smartphone segment (priced between Rs 50,000 and Rs 100,000).