This Company Rules India Phone Market

Published: 10 September 2024
on channel: Utsav Techie
44,765
2.2k

India's mobile phone manufacturing industry has expanded rapidly, now producing 97% of its own demand and growing its production value 21-fold to Rs 4.1 lakh crore in the last decade. Supported by government policies, local companies like Dixon Technologies and global players like Samsung and Huaqin Technology have boosted production. Dixon is set to acquire a majority stake in Ismartu India, enhancing its market position and contributing to India's aim to reduce reliance on Chinese brands, which currently dominate 70% of the market.


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