India Smartphone Shipments Fall to Six-Year Low as Rising Costs Impact Market Demand
India's smartphone market has hit a six-year low in quarterly shipments due to rising costs and weakening consumer demand. The decline represents a significant challenge for the industry, affecting manufacturers and suppliers across the electronics ecosystem as they navigate cost pressures and reduced consumer spending in one of the world's largest smartphone markets.
Apple India Suppliers Export $2.5 Billion Worth Electronics as ECMS and PLI Programs Strengthen Manufacturing Ecosystem
Apple's Indian suppliers have exported $2.5 billion worth of electronic products, supported by government ECMS and PLI programs. These initiatives have strengthened India's electronic component manufacturing ecosystem, positioning the country as a key manufacturing hub for global technology companies and demonstrating the effectiveness of targeted policy measures in boosting domestic production capabilities.
HSBC Maintains Hold Rating on Dixon Technologies with ₹11,500 Target Price Amid JV Approval Delays
HSBC maintains Hold rating on Dixon Technologies with ₹11,500 target price, citing VIVO JV approval delays impacting FY27 volumes. The brokerage cut FY27 estimates by 8% due to top-line growth erosion concerns and highlighted moderate Q4 growth outlook alongside volatile cost pressures affecting the electronics manufacturer.