According to a report by Counterpoint Research, smartphones manufactured locally in India posted a 7 per cent year-on-year growth, accounting for 48 million shipments, including exports, in the first quarter of 2022.
However, the manufacturing of feature phones declined by 41 per cent in the same period due to a lack of demand in the past few quarters.
As per the report, Oppo held the highest share in local manufacturing at 21.6 per cent, followed by Samsung and Vivo at 21.3 per cent and 11.7 per cent, respectively.
Meanwhile, third-party electronic manufacturing services (EMS) providers captured a 42 per cent share in local manufacturing, registering a yearly growth of 4 per cent in terms of shipments. Bharat FIH was the top EMS provider in Q1 2022, followed by Dixon Technologies.
Further, EMS’ share in the feature phone segment crossed 68 per cent in the same period, with Lava leading the shipments with a 21 per cent share.
The report states that India’s local handset manufacturing will further grow by 4 per cent year-on-year in 2022.
