Mobile Manufacturing

Apple rings up record run in India's phone exports amid US tariff threat

Apple Inc has led the charge despite concerns that it might slow its expansion in India. Its iPhone exports rose 63 per cent to $7.5 billion in April-July this year, compared with $4.6 bn a year ago

Mobile phone makers pitch for 5% GST in rate revamp to spur demand

Industry bodies representing device makers had earlier this year petitioned the finance ministry for a shift to 12 per cent, as the government reviewed GST rate slabs

Mobile PLI created 130,000 direct jobs till Jun 2025: MoS IT Prasada

The PLI Scheme for Large Scale Electronics Manufacturing, mainly meant for mobile phone production, has created 1.3 lakh direct jobs till June 2025, Parliament was informed on Friday. Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of Rs 12,390 crore and achieved cumulative production of Rs 8.44 lakh crore. "India has transformed itself from a net importer to a net exporter of mobile phones. India is now the second-largest mobile manufacturing country in the world. The PLI Scheme has significantly boosted investment, production, exports, and job creation in India's electronics sector," Prasada said. He said that the country has exported goods worth Rs 4.65 lakh crore under the scheme. According to data shared by Prasada, the export of just mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. The minister said 75 per cent of t

Dixon Tech Q1 beats estimates: Check brokerage views, stock strategy here

Factoring in the strong outlook, Motilal Oswal raised its FY27 estimates by 10 per cent and maintained a 'Buy' rating with a revised target price of ₹22,100 based on DCF valuation.

Best of BS Opinion: US trade deal or not, India must cast its net wider

Today's pieces cover a wide expanse, from India's trade deals with the rest of the world to China's attempt to trip Indian manufacturing, to the world's struggle to enforce rules

Buy Dixon, Samvardhana as US tariffs may boost electronics exports: Nomura

Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics

Havells, PG Electroplast, KEI, Amber: EMS continues to shine, says Nuvama

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

Mobile, EMS growth fuels Dixon Technologies stellar Q3; analysts up targets

Dixon Technologies' Mobile and Electronics Manufacturing Services (EMS) division emerged as the primary engine of the company's success during Q3, analysts said.

iPhone 16 series made in India, but still costlier: Blame 18% GST

Differential with US, UAE, Thailand significant despite lower launch MRPs

Mobile makers cumulatively invest Rs 8,282 cr under PLI scheme till June

Mobile phone and specified components makers under the PLI scheme for large scale electronics manufacturing have cumulatively invested Rs 8,282 crore till June 2024, Parliament was informed on Wednesday. Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha said that a total of 32 companies were approved with committed investment of Rs 11,324 crore and a projected production target of Rs 10.7 lakh crore under the PLI (Production Linked Incentive) scheme for Large Scale Electronics Manufacturing. He said that out of 32 companies approved under the scheme for large scale electronics manufacturing, seven are Greenfield companies and 25 are Brownfield companies. "Of the cumulative investment of INR 8,282 crore made under the scheme till June 30, 2024, the cumulative investment made by Greenfield companies is Rs 3,136 crore and the cumulative investment made by Brownfield companies is Rs 5,146 crore," Prasada said. The companies under the scheme had made

Lava International restructures board, excludes former chairman Hari Om Rai

Homegrown mobile phone maker Lava International has restructured the company's board in which it has excluded former chairman and managing director Hari Om Rai, according to a company statement. Rai resigned from his position in February and does not hold any directorial position in the company. He is under judicial custody in an alleged money laundering case filed by the Enforcement Directorate. Lava has onboarded former BSNL chairman and managing director Anupam Shrivastava and former Lieutenant Governor of Andaman & Nicobar Islands and Puducherry, Ajay Kumar Singh as independent directors. "We are happy to introduce the board members who shall be at the helm of driving the company's vision and brand's growth. Their rich industry experience, strategic insights, and passion for Lava will be instrumental for achieving operational excellence and growing its market share. "The newly constituted board is a perfect blend of seasoned Lava leadership members, founders, and highly ...

Unpredictability in enforcement agencies action needs a check: ICEA

Mobile phone manufacturing in value terms has jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years with government policy push but actions of enforcement agencies are bringing unpredictability which needs to be checked, a top official of mobile phone makers industry body ICEA said. While speaking about the achievement of the mobile industry in the last 10 years, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of growth in the country will come from exports and there is a need to build domestic champions in the sector as part of government's 'Atmanirbhar Bharat' (self-reliant India) plan. "Unpredictability in ease of doing business arising out of some actions of enforcement agencies needs to be checked. We need to build an environment of trust between enforcement agencies and the industry," Mohindroo said. He was speaking at an outreach programme organised by Union Minister Hardeep Singh Puri and Minister of State for

'Mobile exports to grow to $50-60 bn, electronics sector to employ 2.5 mn'

Mobile phone exports from India will grow more than five-fold to USD 50-60 billion in the coming time from about USD 11 billion last year, Union IT and Communications Minister Ashwini Vaishnaw said on Wednesday. While speaking at a fintech event, the minister said employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days. He said that 10 years ago India imported 98 per cent of mobile phones and at present 99 per cent of the devices are made in India. "(Mobile phones worth) USD 11 billion were exported last year. In the coming days, you will see exports to the tune of USD 50-60 billion. 10 lakh people work in electronics manufacturing. In the coming days, 25 lakh people will work in electronics manufacturing," Vaishnaw said while sharing a presentation on India's growth story. He said India will become the third largest economy by 2027 while it was ranked 11th in 2014. A report published by Jefferies Equity Research

India to tap 12% of global iPhone production in FY24, up from 9% earlier

Apple crosses PLI target of $8.9 bn this financial year

Best of BS Opinion: Improving competitiveness, Donald Trump 2.0 & more

Here is the best of Business Standard's opinion pieces for today

Samsung places bet on AI for greater sales as 2024 phone launches kick off

More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

Japan firm TDK Corporation to make iPhone Li-ion battery cells in India

Commercial production to supply cells to Apple is expected to begin in the next 12-18 months

Apple supplier Luxshare to invest $330 million more in northern Vietnam

Earlier this year, another Apple supplier, Foxconn, set up a new factory in central Vietnam and raised its investment in the country by $250 million to make electric vehicles and telecom parts

Morale of the industry at all-time low, says ICEA on Lava MD arrest

Morale of the mobile manufacturing industry has hit an all-time low with the arrest of Hari Om Rai, founder of homegrown device maker Lava International, industry body ICEA said on Saturday. The Enforcement Directorate has arrested Rai in an alleged money laundering case against Chinese smart devices maker Vivo. "We understand that the morale of the industry has hit an all time low and national champions are feeling very demoralised. We want to assure them that we have full confidence in India's regulatory and judicial system and we are sure that he (Rai) will emerge from the clouds and continue to champion the development of our industry which is critical in building the nation," ICEA chairman Pankaj Mohindroo said in a statement. ED raided Vivo and its linked persons in July last year, claiming to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies. The ED had then alleged that a whopping Rs 62,476 crore was "illegally" transferre

Smartphone manufacturers expected to hire 60,000 in next 6-12 months

Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka