According to a report by Counterpoint Research, the television (TV) market in India witnessed an exponential increase in the festive season of 2022 and the ‘Make in India’ TV shipments grew by 33% during the July-September period to reach five million units. The ‘Make in India’ TV shipments were led by Dixon and followed by Radiant.
In the electronic wearables category, the true wireless stereo (TWS) segment led in terms of local manufacturing with almost 37% of its shipments being manufactured in the country. The top four brands which contributed to the locally manufactured TWS shipments were Bharat FIH, Padget, Avishkaran, and Optiemus.
In the third quarter of 2022, the top five manufacturers contributed to more than 55% of the locally manufactured TV shipments. It has also been revealed that the local manufacturing industry for the segments like smartwatches, TWS, tablets, and neckbands is also growing robustly. In the tablets category, Samsung, Dixon, and Wingtech contributed to more than 90% of the locally manufactured shipments. Whereas, in the smartwatch category, Optiemus dominated the local manufacturing and contributed to more than 90% of the shipments.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.