India roundup: India smartphone market sees premiumization plateau

Jingyue Hsiao, DIGITIMES Asia, Taipei 0

Credit: AFP

India smartphone market sees premiumization plateau as top brands lose appeal

According to the IDC market tracker, 34 million smartphones were shipped in India in the first quarter of 2024, up 11.5% year-on-year. There was a notable shift in market dynamics as top brands ceded ground to second-tier competitors, indicating a weakening concentration among leading players.

Indian GaN startup explores global opportunities in telecom and EVs

AGNIT Semiconductors, incubated at the Indian Institute of Science (IISc) in Bangalore, is exploring opportunities to use GaN in growing consumer markets such as wireless charging and electric vehicles over the next 3-5 years. In a recent conversation with DIGITIMES Asia, Hareesh Chandrasekar, CEO & co-founder of AGNIT, explained that the company's innovation is driven by an interdisciplinary approach.

Invest India CEO foresees mutual gains and tripled investment in collaboration between Taiwan and India

Nivruti Rai, managing director and CEO of Invest India told DIGITIMES Asia about the significance of Taiwan as a strategic collaborative partner, the imperative of supply chain diversification, and her estimated timeline for India's semiconductor mission.

Apple plans to make 25% of iPhones in India by 2028

Rajeev Chandrasekhar, India's Union Minister of Electronics and IT, disclosed on X that it's projected that 25% of all iPhones will be manufactured in India by 2028.

Dixon to make products for Compal in September, to foray into display module manufacturing

At the latest earnings call, Atul B. Lall, managing director of Dixon Technologies, said that The company has begun ramping up production for the festive season in the latter half of the year and manufacturing for Compal is expected to commence by September, adding that they were in the process of exploring manufacturing opportunities for display modules, having already secured a technology partner.

SAIC welcomes Indian strategic investor despite cooling China-India relations

According to a corporate filing to the Shanghai Exchange, MG Motor, a subsidiary of SAIC, plans to introduce investors such as JSW Ventures Singapore Pte. Limited through equity transfer and capital increase for expansion.