New headline: Counterpoint: India becomes world's second largest mobile phone producer, shipments cross 2 billion units

According to news from this site on August 25, data recently released by Counterpoint Research shows that With its "Made in India" plan, India's total mobile phone production has exceeded 2 billion units, making it the world's second largest mobile phone producer. .

According to research, under the influence of promoting the "Made in India" plan, from 2014 to 2022, the cumulative shipments of "Made in India" mobile phones exceeded 2 billion units, with a compound annual growth rate of 23%

According to reports, the Indian government has proposed a series of plans and initiatives, including the "Phaseed Manufacturing Scheme", "Make in India", "Production Linked Incentives" and "Atma-Nirbhar Bharat" (Self-reliant India). Promoting the growth and added value of India’s local manufacturing industry

▲ Source Counterpoint report

Counterpoint Research Director Tarun Pathak Said: "India has made tremendous progress in mobile phone manufacturing. Over the years, we have observed continued growth in India's local manufacturing industry to meet domestic market demand. By 2022, more than 98% of India's overall mobile phone market shipments are expected to be Made locally in India, when the current Indian government came to power in 2014, locally made mobile phones only accounted for 19% of the market share."

##▲ Picture Source Counterpoint report

However, according to the models released by various brands in the Indian market previously reported by this site,

The current equipment hardware situation in the Indian market is compared to the mainland Chinese market, with more low-end mass-market machines Mainly, mid-to-high-end phones of local brands are still scarce in the Indian market. According to the Counterpoint report, the corresponding mid-to-high-end positioning models are more covered by mainland Chinese brands.

▲ Picture source Counterpoint report

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