Mobile exports find stronger signal, hit record US$ 2.4 billion in October
- IBEF
- November 12, 2025
Smartphone exports rebounded strongly after a brief slowdown during the festive season in August and September 2025, reaching a record Rs. 21,274 crore (US$ 2.4 billion) in October 2025, the highest ever for both the months and the current financial year. In comparison, exports stood at Rs. 17,728 crore (US$ 2 billion) in October 2024. As per early estimates from industry and trade bodies, total smartphone exports during April-October FY26 touched Rs. 1,41,824 crore (US$ 16 billion), up nearly 50% from Rs. 93,958 crore (US$ 10.6 billion) in the same period of the previous year. Exports in these seven months of 2024-25 have already surpassed the total of Rs. 1,37,392 crore (US$ 15.5 billion) achieved in 2023-24, underscoring India’s growing strength in electronics manufacturing.
Around 75% of total exports came from Apple’s vendors, Foxconn and Tata Electronics, followed by Samsung with an estimated 14% share, and the rest from Indian firms such as Padget Technologies and other smaller exporters. Exports generally dip in August and September due to pre-launch global sales cycles and festive domestic demand, but this year’s shipments rose 39% in August and nearly doubled in September YoY. The India Cellular and Electronics Association (ICEA), representing firms including Tata, Foxconn, Apple, and Dixon, cautioned that the recent United States (US) decision to halve fentanyl tariffs on Chinese exports to 10% from mid-November could impact India’s competitiveness. India already faces a 12-14% cost disadvantage against China, partly offset by the 5% Production-Linked Incentive (PLI) scheme, which expired for Samsung in March 2025 and will end for others by March 2026. The ICEA urged policy continuity to sustain India’s smartphone export momentum, which has grown from 167th position in 2014-15 to becoming the country’s top export category by 2024-25.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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