Made in India smartphone shipments grew 16 % YoY in Q2 2022 to succeed in over 44 million items, based on the most recent analysis from Counterpoint. Oppo led the Made in India smartphone shipments with a 24 % share. Oppo’s lead was carefully adopted by Samsung. The home model Lava led the Made in India function cellphone phase with a 21 % share. The wearables phase was led by TWS with a 16 % contribution adopted by neckbands and smartwatches.
According to a current Counterpoint analysis, Made in India’s smartphone cargo grew 16 % YoY in Q2 2022 to succeed in over 44 million items. The cause for this was cited to be that the businesses are pushing for greater output to satisfy the factors of the Production Linked Incentive (PLI) schemes.
Made in India smartphone shipments had been up by 7 % year-on-year (YoY) in the primary quarter of 2022. The Made in India smartphone shipments hit 48 million items in Q1 2022.
Talking concerning the native manufacturing ecosystem in India, Counterpoint Research Analyst Prachir Singh mentioned, “The Made in India smartphone shipments grew as compared to last year. During the quarter, we witnessed increasing investments in the Indian manufacturing ecosystem with new plants being set up as well as existing ones being expanded. Recently, Oppo announced the Vihaan initiative under which it plans to invest $60 million in the next five years to empower the local supply chain. Samsung also increased its manufacturing with the premium segment smartphones, especially the Galaxy S series. Going forward, the upcoming festive season will further drive the Made in India shipments due to the expected increase in local demand.”
As talked about earlier, Oppo is main the Made in India smartphone shipments with a 24 % share that’s adopted by Samsung. Indian tech model Lava led the Made in India function cellphone phase with a 21 % share. The wearables phase was led by TWS with a 16 % contribution adopted by neckbands and smartwatches.
India is predicted to witness a quickly increasing electronics manufacturing and innovation ecosystem.
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