Record shipments, powered by PLI: Smartphone exports cross ₹1 trn in 5 mths

India's smartphone exports surge 55% in five months, led by Apple makers Tata and Foxconn, as PLI scheme drives scale and component ecosystem growth

Breaking all records, and despite a gloomy export picture owing to the tariff dispute with the United States, the smartphone sector, driven by the production-linked incentive (PLI) scheme, has seen exports cross ₹1 trillion in the first five months of FY26, based on the vendor and industry data submitted to the government. 

This figure is 55 per cent higher than the ₹64,500 crore for the corresponding five-month period in the previous financial year. 

Apple’s two iPhone contract manufacturers — Tata Electronics and Foxconn — contributed over ₹75,000 crore, or nearly 75 per cent of smartphone exports for this period.

 

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