Apple and Samsung account for 94% of India's smartphone exports, exceeding 30 million this year

[CNNO Technology News] According to CNMO, India plans to reduce the basic tariffs on mobile phones, printed circuit boards (PCBs) and chargers in the federal budget from 20% to 15%, while also implementing some tariff exemptions and reductions. According to Canalys analysis, this move is expected to have a positive impact on the entire smartphone value chain.

Apple

• Canalys said India is committed to significantly increasing the value of India’s smartphone exports by promoting manufacturing and local sourcing.
• Data show that India’s smartphone exports from 2024 to now are approximately 30.5 million units, of which Apple and Samsung account for approximately 94%.
• Specific models, iPhone 14, iPhone 15 and Samsung A55 5G are mainly exported to the United States and the United Arab Emirates.

  

  Samsung Phones

Challenges

Canalys believes that brands focusing on cost-effective segments and local assembly face challenges in exporting from India as costs are higher than mainland China.

India’s initiatives

To enhance its production competitiveness, India is reviewing its tax rate structure. The move is expected to make India's exports of cost-effective devices more competitive.

Specific Measures

In the mid-term budget in February, India reduced import duties on smartphone components such as back covers, battery covers, GSM antennas and camera lenses from 15% to 10%. In addition, there was a blanket exemption from tariffs on 25 critical minerals and a reduction in tariffs on two of them.

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