Smartphone sales volumes fell 18-20% during Diwali 2026 despite a late festive-season recovery, as consumers postponed purchases and demand remained weak across much of the country.
Yulu, Zypp Electric and Baaz Bikes are expanding fleets and operations as they target a growing delivery workforce seeking cheaper alternatives to petrol-powered two-wheelers.
Entry-level phones, a people's favourite, are leading a downturn across mobiles. That, in turn, is hitting retailers just when sales should be lighting up
Shipments fell to 35.6 million units as rising handset prices weighed on demand; Samsung overtook Vivo to lead the market, while Apple recorded a 20% decline in volumes.
Venture capital funding for Indian startups reached $10.9 billion across 1,253 rounds in 2026 so far, with investors concentrating funds in fewer companies and deeptech ventures.
Cadence India Managing Director Alok Jain said India needs a balanced semiconductor ecosystem, including local EDA tools, to become a major global player
Electronics exports rose to $26.66 billion in the first five months of FY27, with smartphones contributing nearly 60 per cent and PCB shipments surging sharply
Existing shareholders Pramod Bhasin and Anil Chawla, who hold a 15 per cent stake, have mounted an employee-backed buyout for Aion Capital's 85 per cent stake, challenging Protium Finance's bid
The move is aimed at curbing substandard imports and grey-market trade in a Rs 12,000-15,000 crore market where Chinese products currently dominate supplies
Shipments to the US accounted for 70 per cent of India's total smartphone export value during this period, reaching a record $9.4 billion - a 26 per cent Y-o-Y increase.
Preliminary market estimates show day-one demand for the iPhone 18 Pro series up 15-28% in India, with the new burgundy shade replacing last year's orange as the top choice
Apple absorbs part of the impact of taxes, import duties and retail margins on the iPhone 17 as it looks to expand its presence in the fast-growing Indian market