India's Mobile Production to Hit $75 Billion by FY26, Exports Soar to $30 Billion: ICEA

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CNBC TV18•12-01-2026, 20:23
India's Mobile Production to Hit $75 Billion by FY26, Exports Soar to $30 Billion: ICEA
- •India's mobile phone production is projected to reach USD 75 billion by FY26-end, with exports exceeding USD 30 billion.
- •The Mobile Phone PLI scheme, concluding in March 2026, has significantly boosted India's mobile manufacturing scale.
- •Electronics production in India reached USD 133 billion in 2025, demonstrating strong growth and expanding exports.
- •Apple has become a key player, expanding manufacturing in India and driving record exports, especially to the US market.
- •Apple supplied 5 million iPhones to the domestic market in Q3 2025, leading the premium and super-premium smartphone segments.
Why It Matters: India's mobile manufacturing is set for massive growth, driven by PLI schemes and major players like Apple.
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