Indian Economy News

India-made smartphones share increased to 24.8 percent in Q2: Study

  • IBEF
  • September 1, 2015

Bengaluru: Out of the total number of smartphones shipped in India during the June 2015 quarter, 24.8 per cent were made locally - a significant rise as compared to 19.9 per cent in the previous quarter - as per CyberMedia Research firm. Total 56.6 million handsets were shipped in June 2015 quarter, of which smartphones comprised 43 per cent of the volume (24.8 million units). The Central Government’s several initiatives to promote manufacturing in the country, such as ‘Make in India’ campaign appears to have had a positive impact on mobile handsets manufacturing in the country. Companies like Samsung, Micromax and Spice had been assembling handsets in the country already. Xiaomi and Motorola, along with Lenovo have also started assembly of smartphones in India. Firms like HTC, Asus and Gionee too have shown interest in setting up a manufacturing base in the country.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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