Indiaโs Mobile Manufacturing Faces Challenges with Weak Demand
- News
- January 9, 2025
- Hema Kadia
Indiaโs ambition to become a global smartphone manufacturing leader faces hurdles as nearly half of its production capacity remains underutilized. Despite significant investments and the governmentโs PLI scheme, weak domestic and global demand has impacted production. Industry leaders like Foxconn and Tata Electronics continue to expand, while smaller manufacturers struggle. Experts predict recovery as global demand for smartphones and advanced technologies grows by 2025.