Mobile phone production to reach US$ 75 billion by FY26-end: ICEA
- IBEF
- January 13, 2026
India’s mobile phone production is expected to reach Rs. 6.23 lakh crore (US$ 75 billion) by the end of the current fiscal year, FY26, with exports of more than Rs. 2.49 lakh crore (US$ 30 billion), according to the India Cellular and Electronics Association (ICEA). This growth comes from India having an expanding manufacturing base supported by the Mobile Phone PLI programme, which significantly scaled India’s manufacturing capabilities and led to many major international firms expanding their operations in India. ICEA Chairman Mr. Pankaj Mohindroo stated, “Completion of the PLI programme in March 2026 will be a significant benchmark for the mobile phone industry, as it will mark the beginning of consolidation and the next stage of competition for the sector.
India's electronics value chain continues to expand through programmes such as the Electronics Component Manufacturing Scheme (ECMS), as well as through recent approvals related to semiconductor projects, allowing for additional ecosystem development that aligns with the industry’s need for a wider variety of domestically produced products. According to industry experts, India is expected to reach nearly 30 crore mobile phone units by the end of FY26 and, by 2025, approximately one out of every four smartphones produced in India will be exported, primarily due to increased average selling prices and heightened demand from markets such as the United States. As India increases its manufacturing and export capabilities, the electronics value chain is strengthened by positioning the country as a leading player in the global market, thereby creating greater opportunities to attract further investment and expand its role in the global supply chain.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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