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Time of India
15-06-2025
- Business
- Time of India
Big win! China companies now exporting ‘Made in India' smartphones & electronics to US, West Asia; notable shift for Chinese brands
Industry officials indicate that Chinese firms are considering exporting phones and electronic devices to the US from India. (AI image) Big win for ' Make in India '! Chinese smartphone and electronics manufacturers have begun exporting products from India to West Asia, Africa and the United States—regions traditionally supplied by China and Vietnam—following consistent government encouragement and growth in local production capabilities. This represents a significant strategic shift for Chinese brands in India, which previously concentrated primarily on domestic sales. This transition follows heightened government oversight of Chinese enterprises following the 2020 border disputes and continuous governmental encouragement. Through informal channels, Chinese organisations have received guidance to establish local manufacturing through Indian partnerships, develop locally-owned distribution networks, pursue exports, and appoint Indian nationals to senior positions and boards, informed sources told ET. Oppo Mobiles India achieved its first foreign exchange earnings of ₹272 crore in FY24 through exports, whilst Realme Mobile Telecommunications (India) generated ₹114 crore, as per their RoC regulatory submissions on May 12. The organisations have not yet submitted their FY25 financial statements. Notable shift for Chinese companies Hisense Group, a prominent Chinese television and home appliances brand, intends to commence exports of locally manufactured products to West Asia and Africa in early 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo Ajay Singhania, managing director of Hisense's local manufacturing associate Epack Durable, informed analysts earlier this month about establishing a ₹100-crore facility in Sri City for Hisense, which will include export operations. He indicated that the facility will duplicate the "designs and everything done" at Hisense's China establishment. Lenovo Group has planned exports of servers and laptops from India, whilst its subsidiary Motorola currently exports devices to the US. Dixon Technologies, which manufactures Motorola phones, is increasing its production capacity by 50% to address rising export demands, as disclosed to analysts in the previous month. Dixon Technologies also produces smartphones for Transsion Holdings, a Chinese company that owns Itel, Tecno and Infinix brands, which has initiated exports to African markets. According to industry sources, Haier, a prominent consumer electronics and appliances manufacturer, is investigating export possibilities. Various smartphone manufacturers including Oppo, Vivo, Realme, OnePlus and Xiaomi are collaborating with Indian enterprises and have begun exports. However, RoC filings for Xiaomi, Midea and OnePlus in FY24 did not indicate any foreign exchange earnings from exports. It is notable that Chinese companies operating in India have not yet selected Indian nationals for positions of managing directors or chief executives. PLI impact India's export initiatives receive support through the production-linked incentive (PLI) scheme. Whilst Chinese brands generally remain outside PLI, their manufacturing partners such as Dixon participate in the scheme. A senior executive from a prominent third-party manufacturing firm, speaking anonymously, indicated that the government has consistently urged Chinese companies to export from India. He suggested that remaining Chinese brands would soon commence exports. Supply chain diversification has become crucial due to escalating geopolitical tensions and potential US tariff implications. Industry officials indicate that Chinese firms are considering exporting phones and electronic devices to the US from India, contingent upon the outcomes of US trade discussions with both India and China. Currently, Dixon facilities manufacture Motorola smartphones for Lenovo's US exports. In FY25, smartphones became India's primary export commodity, with overseas shipments increasing by 55% year-on-year to $24.14 billion. Apple dominated with iPhone exports exceeding $17.4 billion, whilst Samsung contributed the remaining portion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
14-06-2025
- Business
- Time of India
'Made in India' Chinese phones ring overseas
Chinese smartphone and electronic companies have started exporting from India to West Asia, Africa and even to the United States —markets long served almost exclusively from China and Vietnam— amid sustained government nudging and expanding local manufacturing capacities. Oppo Mobiles India for the first time earned foreign exchange of ₹272 crore in FY24 from exports, while Realme Mobile Telecommunications (India) earned ₹114 crore, according to their regulatory filings submitted to the Registrar of Companies (RoC) on May 12. The companies are yet to file their financial results for FY25. One of the largest Chinese brands selling televisions and home appliances, Hisense Group, plans to start exporting locally produced goods to West Asia and Africa from early next year. This marks a notable shift in strategy for Chinese brands operating in India, which had so far focused largely on the domestic market. The change comes amid increased government scrutiny of Chinese firms after the border conflicts with China in 2020 and persistent nudging of Chinese companies. Local Partenrships Chinese companies have been told in informal forums to localise manufacturing in partnership with Indian firms, build locally owned distribution, export, and appoint Indians in senior management and boards, people familiar with the matter said. Ajay Singhania, managing director of Hisense's local manufacturing partner Epack Durable, told analysts earlier this month that the company is setting up a ₹100-crore plant in Sri City for Hisense, which will also undertake exports. The plant will replicate the 'designs and everything done' in Hisense's China facility, he said. Lenovo Group has also lined up exports of servers and laptops from India, even as its smartphone arm Motorola already exports devices to the US. Motorola phones are manufactured by Dixon Technologies , which is now expanding its capacity by 50% to meet growing export demand, the company told analysts last month. Dixon also manufactures smartphones for Chinese firm Transsion Holdings — the maker of Itel, Tecno and Infinix brands — which has started exporting to Africa. Consumer electronics and appliances major Haier is also exploring export opportunities, industry insiders said. Smartphone brands like Oppo, Vivo, Realme, OnePlus and Xiaomi are now partnering with Indian businesses and some have started exports. RoC filings of Xiaomi, Midea and OnePlus for FY24, though, did not show foreign exchange earnings through exports. However, none of the Chinese firms operating in India have so far appointed Indian nationals as managing directors or chief executives. PLI Support Some of these export initiatives are supported by India's production-linked incentive (PLI) scheme. While most Chinese brands are not part of PLI, some of their contract manufacturers like Dixon are beneficiaries of the scheme. A promoter of a leading third-party manufacturing company said it has been a long time ask of the government to the Chinese companies to export from India. 'Even the rest (of Chines brands) who are yet to start (exports) will start soon,' he said, requesting anonymity. The need for supply chain diversion amid rising geopolitical tensions and the US tariff threat is another factor influencing this trend. Industry executives said the Chinese companies are also open to the idea of exporting phones and electronic products to the US from India, depending on the outcomes of bilateral trade negotiations the US is undertaking with both India and China. Lenovo already exports Motorola smartphones to the US from Dixon plants. Smartphones emerged as India's top export category in FY25, with outbound shipments rising 55% year on year to $24.14 billion. Apple led the charge by exporting iPhones worth more than $17.4 billion, with Samsung largely accounting for the balance.
Time of India
14-06-2025
- Business
- Time of India
'Made in India' Chinese phones ring overseas
Kolkata: Chinese smartphone and electronic companies have started exporting from India to West Asia, Africa and even to the United States —markets long served almost exclusively from China and Vietnam— amid sustained government nudging and expanding local manufacturing Mobiles India for the first time earned foreign exchange of ₹272 crore in FY24 from exports, while Realme Mobile Telecommunications (India) earned ₹114 crore, according to their regulatory filings submitted to the Registrar of Companies (RoC) on May companies are yet to file their financial results for FY25. One of the largest Chinese brands selling televisions and home appliances, Hisense Group, plans to start exporting locally produced goods to West Asia and Africa from early next year. This marks a notable shift in strategy for Chinese brands operating in India, which had so far focused largely on the domestic market. The change comes amid increased government scrutiny of Chinese firms after the border conflicts with China in 2020 and persistent nudging of Chinese companies. Local Partenrships Chinese companies have been told in informal forums to localise manufacturing in partnership with Indian firms, build locally owned distribution, export, and appoint Indians in senior management and boards, people familiar with the matter said. Ajay Singhania, managing director of Hisense's local manufacturing partner Epack Durable, told analysts earlier this month that the company is setting up a ₹100-crore plant in Sri City for Hisense, which will also undertake exports. The plant will replicate the 'designs and everything done' in Hisense's China facility, he said. Lenovo Group has also lined up exports of servers and laptops from India, even as its smartphone arm Motorola already exports devices to the US. Motorola phones are manufactured by Dixon Technologies , which is now expanding its capacity by 50% to meet growing export demand, the company told analysts last month. Dixon also manufactures smartphones for Chinese firm Transsion Holdings — the maker of Itel, Tecno and Infinix brands — which has started exporting to Africa. Consumer electronics and appliances major Haier is also exploring export opportunities, industry insiders said. Smartphone brands like Oppo, Vivo, Realme, OnePlus and Xiaomi are now partnering with Indian businesses and some have started exports. RoC filings of Xiaomi, Midea and OnePlus for FY24, though, did not show foreign exchange earnings through exports. However, none of the Chinese firms operating in India have so far appointed Indian nationals as managing directors or chief executives. PLI Support Some of these export initiatives are supported by India's production-linked incentive (PLI) scheme. While most Chinese brands are not part of PLI, some of their contract manufacturers like Dixon are beneficiaries of the scheme. A promoter of a leading third-party manufacturing company said it has been a long time ask of the government to the Chinese companies to export from India. 'Even the rest (of Chines brands) who are yet to start (exports) will start soon,' he said, requesting anonymity. The need for supply chain diversion amid rising geopolitical tensions and the US tariff threat is another factor influencing this trend. Industry executives said the Chinese companies are also open to the idea of exporting phones and electronic products to the US from India, depending on the outcomes of bilateral trade negotiations the US is undertaking with both India and China. Lenovo already exports Motorola smartphones to the US from Dixon plants. Smartphones emerged as India's top export category in FY25, with outbound shipments rising 55% year on year to $24.14 billion. Apple led the charge by exporting iPhones worth more than $17.4 billion, with Samsung largely accounting for the balance.
Economic Times
14-06-2025
- Business
- Economic Times
'Made in India' Chinese phones ring overseas
Live Events Local Partnerships PLI Support (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Kolkata: Chinese smartphone and electronic companies have started exporting from India to West Asia, Africa and even to the United States —markets long served almost exclusively from China and Vietnam— amid sustained government nudging and expanding local manufacturing capacities. Oppo Mobiles India for the first time earned foreign exchange of ₹272 crore in FY24 from exports, while Realme Mobile Telecommunications (India) earned ₹114 crore, according to their regulatory filings submitted to the Registrar of Companies (RoC) on May companies are yet to file their financial results for of the largest Chinese brands selling televisions and home appliances, Hisense Group, plans to start exporting locally produced goods to West Asia and Africa from early next marks a notable shift in strategy for Chinese brands operating in India, which had so far focused largely on the domestic market. The change comes amid increased government scrutiny of Chinese firms after the border conflicts with China in 2020 and persistent nudging of Chinese companies have been told in informal forums to localise manufacturing in partnership with Indian firms, build locally owned distribution, export, and appoint Indians in senior management and boards, people familiar with the matter Singhania, managing director of Hisense's local manufacturing partner Epack Durable, told analysts earlier this month that the company is setting up a Rs 100-crore plant in Sri City for Hisense, which will also undertake exports. The plant will replicate the 'designs and everything done' in Hisense's China facility, he Group has also lined up exports of servers and laptops from India, even as its smartphone arm Motorola already exports devices to the US. Motorola phones are manufactured by Dixon Technologies , which is now expanding its capacity by 50% to meet growing export demand, the company told analysts last also manufactures smartphones for Chinese firm Transsion Holdings — the maker of Itel, Tecno and Infinix brands — which has started exporting to electronics and appliances major Haier is also exploring export opportunities, industry insiders brands like Oppo, Vivo, Realme, OnePlus and Xiaomi are now partnering with Indian businesses and some have started exports. RoC filings of Xiaomi, Midea and OnePlus for FY24, though, did not show foreign exchange earnings through none of the Chinese firms operating in India have so far appointed Indian nationals as managing directors or chief of these export initiatives are supported by India's production-linked incentive (PLI) scheme. While most Chinese brands are not part of PLI, some of their contract manufacturers like Dixon are beneficiaries of the scheme.A promoter of a leading third-party manufacturing company said it has been a long time ask of the government to the Chinese companies to export from India. 'Even the rest (of Chines brands) who are yet to start (exports) will start soon,' he said, requesting need for supply chain diversion amid rising geopolitical tensions and the US tariff threat is another factor influencing this executives said the Chinese companies are also open to the idea of exporting phones and electronic products to the US from India, depending on the outcomes of bilateral trade negotiations the US is undertaking with both India and already exports Motorola smartphones to the US from Dixon emerged as India's top export category in FY25, with outbound shipments rising 55% year on year to $24.14 billion. Apple led the charge by exporting iPhones worth more than $17.4 billion, with Samsung largely accounting for the balance.
Time of India
10-06-2025
- Business
- Time of India
Meesho converts to public entity in run-up to IPO
Live Events Ecommerce marketplace Meesho 's board has approved its conversion into a public entity ahead of a planned initial public offering (IPO), according to its filings with the Registrar of Companies (RoC).Conversion from a 'private limited' to a 'public limited' company is a key step a company undertakes on its path to an IPO. Last week, omnichannel eyewear retailer Lenskart also converted into a public limited company ahead of its planned Meesho is also in the process of flipping back its domicile from the US to India and has applied to the National Company Law Tribunal (NCLT) for the same. Last month, the company's board had approved changing the name of its Indian entity, Fashnear Technologies Pvt Ltd, to Meesho Pvt the redomiciling exercise is completed, the renamed entity, Meesho Ltd, will become the ecommerce marketplace's parent company.'The company is currently exploring various strategic alternatives for its long-term growth and value enhancement, which may include, at an appropriate time, an initial public offering of its equity shares and listing on a recognised stock exchange in India,' Meesho said in its RoC filing.'While the board of directors has not yet approved or initiated any IPO process, the company intends to maintain readiness from a regulatory and compliance perspective to enable such an offering when deemed appropriate,' it which is backed by the likes of SoftBank Prosus and Tiger Global , has already appointed Kotak Mahindra Capital, Citi, JP Morgan and Morgan Stanley as merchant bankers for its public week, the company's board also cleared a plan to allot 411 crore bonus shares to existing March, Meesho released its annual report, saying it recorded 34% year-on-year growth in orders during the April-December 2024 period, at 1.3 billion. This equalled the number of orders it clocked over the whole of fiscal year of December 31, the company had 187 million unique annual transacting users — a 26% increase from the same period in the previous year.A March report by brokerage CLSA noted that Meesho is currently at a gross merchandise value (GMV) run rate of $6.2 billion, and is estimated to grow at a compound annual growth rate (CAGR) of 26% for the next six years. The research note estimated Meesho's market share at 37% in terms of the number of orders for calendar year 2024. However, in terms of GMV, its market share was around 8.5%, CLSA said.
