Mobile makers bet on higher exports to grow

New Delhi: Smartphone makers are hoping for exports from India to continue their strong showing, which will drive their own growth as production levels are reaching their saturation point if only the domestic market is to be served, said market trackers.

“The only headroom for growth right now is by increasing exports from India,” said Prachir Singh, senior analyst, Counterpoint Research. The market tracker added that annual shipments now range between 150-160 million since the pandemic, with demand unlikely to pick up significantly until elections end.