Electronics
Indian Apple reseller Ample to grow revenue by a third as it expands presence, portfolio, CEO says
Indian Apple reseller Ample aims for 35% revenue growth by fiscal year 2026 through store expansion and new partnerships. The company, which currently operates over 120 stores, plans to increase its footprint to approximately 175 locations within three years. Ample also intends to list on stock exchanges within five years to fund its growth strategy.
China’s informal trade restrictions threaten India’s $32 bn smartphone export target, warns industry body
India’s electronics industry has flagged informal trade curbs by China as a serious risk to the country’s smartphone export goals, which aim to hit $32 billion this fiscal. In a letter to the government, industry body ICEA warned that China is deploying unnotified but deliberate restrictions—on capital equipment, minerals, and technical personnel—that are delaying shipments, inflating costs, and undermining India’s rise as a global manufacturing hub.
Tata Electronics, Bosch sign pact for electronics, semiconductor production
Tata Electronics and Robert Bosch GmbH have partnered to enhance the electronics and semiconductor ecosystem in India. The collaboration focuses on chip packaging and manufacturing at Tata Electronics' facilities in Assam and Gujarat. Both companies will also explore local projects in vehicle electronics, aiming to strengthen the supply chain and meet the rising demand for advanced automotive electronics.
When Flip Flops: Foldable smartphone sales shrink in India
Foldable smartphone sales in India are experiencing a significant downturn, with shipments declining sharply in 2024 and early 2025. Despite price reductions and new models, consumers remain hesitant due to concerns about fragility, high cost, and limited practical applications.
Advent, TPG, Kedaara among others in race to buy into Hero Group’s Semiconductor arm Tessolve
Several private equity firms are vying for a stake in Tessolve. Hero Electronix is considering divesting a 30% share in the semiconductor company. The deal could value Tessolve at $450 million. Advent International, TPG Growth, and others are in the due diligence phase. Binding bids are expected soon. Jefferies is advising on the stake sale.
Flip phones turn out to be a flop
Foldable smartphones, once seen as the future, face declining sales in India. Shipments fell significantly in 2024 and early 2025. Consumers find them fragile and expensive. Analysts expect this niche segment to remain small. Counterpoint Research forecasts a potential turnaround, but overall growth is slow. Even developed markets show flat sales. Brands continue to innovate despite challenges.
Apple harvests record iPhone output from its India orchard
Apple significantly ramped up iPhone production and exports from India in the first half of 2025, driven by diversification efforts and potential US tariffs on Chinese imports. iPhone production surged by 53%, with exports reaching $22.56 billion. Foxconn and Tata Electronics are the leading manufacturers, and Apple plans simultaneous iPhone 17 manufacturing in China and India.
Dixon's JV firms with Chinese companies to face govt scrutiny under Press Note 3 rules
The government will review Dixon's recent deals with Chinese companies Chongqing Yuhai and Kunshan Q Technology. Dixon plans a joint venture with Chongqing for precision components. It also intends to acquire a majority stake in Kunshan Q Tech India. This collaboration aims to produce camera and fingerprint modules. Dixon Technologies is participating in the Electronics Components Manufacturing Scheme.
India's electronics boom offsets slump in traditional exports: GTRI
India's merchandise exports remained nearly flat in June 2025, while imports declined due to falling gold and crude oil shipments. Electronics exports surged, driven by rising smartphone shipments, particularly to the U.S., while traditional sectors like gems and jewellery experienced a downturn. Imports from China saw a slight increase, highlighting a continued shift in India's trade dynamics.
Sum of parts Dixon ties up with two China Cos
Dixon Technologies plans a ₹1,000 crore investment. The goal is to manufacture key components. This includes camera and fingerprint modules. A joint venture with Chongqing Yuhai is set. It will produce precision components. Dixon will acquire a majority stake in Kunshan Q Tech India. This move strengthens backward integration. It also aligns with the government's component scheme.
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Ericsson India sale drops 32.5 per cent to $230 million in Q2 2025
Ericsson's net sales in India plummeted by 32.5% to $230 million due to telecom operators curtailing new network investments. This decline significantly impacted Ericsson's overall sales, contributing to a 28% year-over-year decrease in the South East Asia, Oceania, and India region.
Dixon Technologies to pick 51 pc stake in Q Tech India
Dixon Technologies has signed a binding term sheet to acquire a 51% stake in Kunshan Q Tech Microelectronics (India) through a combination of primary and secondary investments. This acquisition will enable Dixon to manufacture and supply camera and fingerprint modules for mobile handsets, IoT systems, and automotive applications. The deal is subject to regulatory approvals and customary conditions.
Bracing for pressure: Phonemakers dread the day govt pulls plug on PLI
The Production Linked Incentive scheme for mobile manufacturing is ending next year. Indian manufacturers anticipate pressure on profits. Competition may increase as PLI benefits disappear. Experts predict industry consolidation after fiscal year 2026. Dixon Technologies may face falling margins. Some believe Chinese companies could gain market share. Contract manufacturers are requesting a scheme extension.
PLI scheme: Electronics, pharma receive 70% of total disbursements for FY25
Out of a total of Rs 10,114 crore disbursed by the government for the year 2024-25, the two sectors -- electronics and pharma -- got Rs 5,732 crore and Rs 2,328 crore respectively. In 2023-24, the disbursals stood at Rs 9,721 crore, according to the report.
Make (more) in India: India switches to factory settings for niche electronics
India boosts local production of specialized electronics. Robotic vacuum cleaners and coffee makers are now made in India. Government's quality control norms drive this change. Bureau of Indian Standards certification is key. More companies are exploring domestic manufacturing. Liebherr has set up a refrigerator plant in Aurangabad. Crompton and Havells prioritize local sourcing. This shift creates a significant business opportunity.
iPhone 17 parts land in Foxconn India factory
Foxconn has begun importing components from China to India for the iPhone 17 assembly, signaling Apple's intent to manufacture the latest model simultaneously in both countries. Trial production is slated to commence this month, with mass production expected by August, aiming for a September launch.
