In October, India's smartphone exports surpassed $2 billion, the biggest monthly amount ever reported, setting a new record. The Indian Cellular and Electronics Association (ICEA), a trade association that represents both domestic and foreign mobile device manufacturers, says that this milestone highlights the nation's increasing importance in international mobile supply chains.

Value-wise, smartphone exports have already surpassed $10.6 billion in the first seven months of the current fiscal year, a 37% rise over the $7.8 billion registered during the same period last year. Due in major part to Apple's iPhone, October's export performance increased by 23% from the previous peak of $1.78 billion in May 2024 and by 70% from the $1.2 billion in October 2023.

In 2024–2025, the export trajectory is expected to continue growing. Over $10 billion of the $15 billion in smartphone exports in FY24 came from Apple and its suppliers. According to ICEA, exports might reach $18 billion to $20 billion by the end of FY25 if current trends continue. Interestingly, the organization predicts that during this time, 35% of India's smartphone output by value will be exported.

With iPhone shipments making up almost two-thirds of the entire export value in the first seven months of FY25, Apple's dominance is especially clear. The main forces behind this expansion have been Foxconn, Pegatron, and Tata Electronics (formerly Wistron), three important suppliers. Apple has exported $1 billion worth of iPhones every month on average since the beginning of this fiscal year. A representative for Apple did not respond to an email requesting comment.

Industry estimates and data provided to the government indicate that Tata Electronics has contributed around 20% of the $10.7 billion in exports, while Foxconn has contributed almost a third.

Another significant player, Pegatron, accounts for 8% of the export value. While Tata Electronics' shipments have increased by 115% from the same period in FY24, Foxconn's exports have increased by 33% year over year.

About 22% of overall shipments are thought to have come from Samsung, with Indian manufacturers and merchant exporters accounting for the remaining portion. There was no answer to a question sent to Samsung.

In 2023, Tata Electronics, which acquired Wistron's business almost two years ago, managed the changeover. In FY25, the business is thriving with a seamless transition.

Up till October of FY25, Indian smartphone exports reached $10.6 billion. October's exports rose 23% and 70% year over year compared to May 2024, the previous biggest export month. India will reach its goal of $18–20 billion in smartphone exports by the end of FY25, up from $15 billion in FY24, if the current trend holds. In FY25, 35% of the value of all smartphones produced will be exported. Apple sellers account for two-thirds of exports.