In 2022, Apple’s “Made in India” smartphone sales increased by 162% and 65% over the previous year, indicating the country’s advanced manufacturing capacity. According to Counterpoint research, the brand’s value share increased to 25% in 2022 as a result of the increase, up from 12% in 2021.

Overview

Several Apple partners, including Foxconn, Wistron, and Pegatron, are assembling the most recent iPhones. According to media reports, Pegatron is considering building a second factory in Chennai after launching the first six months ago. According to reports, Foxconn, a Taiwanese iPhone manufacturer, intends to establish electronics manufacturing facilities in Bengaluru and Telangana.

“The high inventory, which affected the entire supply of smartphones, being felt at the manufacturing level,” stated senior research analyst Prachir Singh of Counterpoint. However, some manufacturers are benefiting from the trend toward premiumization.

In the fourth quarter of 2022, Foxconn and Wistron, two of Apple’s EMS (electronics manufacturing services) partners, were among the top 10 manufacturers with the fastest growth rates. An increase also aided the expansion of Apple’s exports. As far as generally sends out, a volume development of 37% year-on-year was seen.”

End Note

Local manufacturing has benefited from the government’s recent distribution of PLI (production-linked incentives) and other central and state-level initiatives. Numerous businesses are making investments in India and expanding their manufacturing base now.

In addition, the ecosystems of semiconductors and components are seeing an increase in investment due to the government’s ongoing efforts. However, the government ought to concentrate on improving the ecosystem as a whole and capitalizing on India’s strengths, such as high local demand, talent development, and overall infrastructure improvement.