📊Executive Summary

India's smartphone manufacturing sector is facing significant challenges, with production units underperforming and failing to meet targets. The government-backed production-linked incentive (PLI) scheme has not yielded the expected results, with actual production reported at around 250 million units annually, significantly lower than government claims. Demand for feature phones and entry-level smartphones is declining, contributing to the slowdown. Major manufacturers like Samsung and Foxconn are involved, but smaller players are pivoting to other products due to profitability issues. This situation highlights the need for procurement teams to monitor the evolving landscape in India's electronics manufacturing sector....