‘Made in India’ smartphone shipments fell 8% YoY in Q3 2022, report

NEW DELHI : Shipment of made-in-India smartphones fell 8% year-on-year (YoY) within the September quarter to 52 million, in accordance with a Counterpoint report printed Tuesday. Analysts on the analysis agency attributed it to a decline in client demand in world markets in addition to in India. 

Out of the 52 million smartphones shipped in the course of the September quarter, round 7 million had been exports, they added. 

 Though the variety of smartphones produced in India has grown, the excessive channel stock initially of the quarter additionally impacted manufacturing in the course of the quarter, stated Prachir Singh, senior analysis analyst at Counterpoint Research. 

He added that just about 63% of smartphone shipments in India had been by in-house producers whereas the remaining had been from third-party electronics manufacturing companies (EMS) suppliers. 

Chinese smartphone vendor Oppo led the Made-in-India shipments in the course of the quarter with a 23.8% market share, adopted by Samsung (20.7%), and Vivo (12.4%). EMS suppliers resembling Foxconn subsidiary Bharat FIH which makes smartphones for Xiaomi (8.5%), and Dixon which additionally makes telephones for Samsung, accounted for 8.5% and seven.8% of the shipments, respectively. 

Lava and Chinese agency BYD had been the fastest-growing smartphone producers when it comes to shipments, in accordance with the report. 

Despite the autumn in shipments, Singh is constructive that smartphone manufacturing in India is ready to develop. “We will proceed to see PLI disbursements in subsequent quarters, which is able to add to the native manufacturing panorama,” he added. 

Singh additionally identified that manufacturing will get an additional increase via latest partnerships resembling between Tata Group and Wistron and between Foxconn and Vedanta.

Tata Group is in talks with Wistron to purchase its iPhone-making facility in Karnataka at an estimated deal of over $600 million, in accordance with an ET report, printed in November. Foxconn and Vedanta introduced a three way partnership in September to spend $20 billion to arrange semiconductor crops in Gujarat. 

Further, Priya Joseph, analysis analyst at Counterpoint, identified that the Indian smartphone market has remained resilient. She attributed this to coverage interventions by the federal government within the type of schemes such because the production-linked incentive scheme (PLI) to make India a producing hub. 

Several OEMs together with Apple and Samsung now export smartphones assembled in factories in India. 

According to the trade physique India Cellular and Electronics Association (ICEA), India is anticipated to export cell phones value $9 billion in FY23 up from $5.8 billion within the earlier monetary 12 months. 

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