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Consumer Electronics Manufacturers Expand Horizons, Leverage Government Incentives

India’s consumer electronics and automotive component industries are witnessing a strategic shift as leading manufacturers expand into new domains, driven by government incentives and increasing localization efforts. Contract manufacturers such as Dixon Technologies, Amber Enterprises, and Epack Durables are diversifying into automotive component manufacturing, while auto parts giants like Uno Minda, Lumax Industries, and Hella India Automotive are expanding their …

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India's Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27

India’s Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27, Driven by Government Initiatives

India’s electronic manufacturing services (EMS) market is on a robust growth trajectory, expected to surge from $17.5 billion in FY22 to $72.2 billion by FY27, reflecting a compound annual growth rate (CAGR) of 32%, according to a recent report by Motilal Oswal Financial Services. This remarkable expansion is fueled by a series of government initiatives aimed at boosting the domestic …

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