India’s smartphone exports reached a record-breaking $10 billion between April and July 2025, a 52% increase from the same period in the previous year. Apple Inc. was a major contributor, with its iPhone exports rising 63% to $7.5 billion. Apple’s three vendors—Foxconn, Pegatron, and Tata Electronics—accounted for 75% of the total smartphone exports. All three companies are participants in the government’s Production-Linked Incentive (PLI) scheme for smartphones.
In contrast, Samsung’s exports declined, which experts say highlights India’s ongoing cost disadvantages compared to China and Vietnam. While smartphones are currently exempt from U.S. tariffs, a Section 232 semiconductor investigation is underway which could result in new tariffs. Due to the surge in smartphone exports, India’s overall electronics exports grew by 43.7% in the first four months of FY26, with smartphones’ share of these exports increasing from 41% to 61.8%.