India’s electronics manufacturing industry is at the heart of the country’s most ambitious manufacturing transformation, with the sector estimated to be worth USD 155 billion in 2024 and projected to grow at a 21.5 percent CAGR to USD 500 billion by 2030 according to Niti Aayog. India is now the second-largest mobile phone manufacturing nation in the world, planning to manufacture 1 billion mobile phones by 2026, while value addition within the country has risen from 10 to 15 percent in 2014 to 25 percent in 2021 and continues climbing. Apple’s strategic decision to manufacture iPhones in India through Foxconn and Tata Electronics is creating USD 30 billion of annual electronic exports by FY30, with India now manufacturing 15 percent of global iPhones, targeting 25 percent by FY28. Samsung leads consumer electronics revenue at Rs 1,02,626 crore while Dixon Technologies has become India’s largest Electronics Manufacturing Services provider. Let us have a look at the top 10 electronics companies in India for the year 2026.
1. Dixon Technologies (India) Limited
Dixon Technologies, founded by Sunil Vachani in the year 1993 with just Rs 40 lakh in a small rented factory in Noida and starting television manufacturing in 1994, has grown into India’s largest Electronics Manufacturing Services provider with a market capitalisation reaching USD 11.10 billion. The company’s FY 2024-25 sales hit Rs 38,880 crore, a 119 percent rise from Rs 17,691 crore the previous year, and Dixon now operates over 17 manufacturing units manufacturing smartphones, LED TVs holding a 37 percent share in outsourced display manufacturing, washing machines with 35 percent SAWM market share, and home appliances for clients including Samsung, Xiaomi, Motorola, HP, Vivo, and Google Pixel.
Dixon Technologies serves global consumer electronics brands and Indian appliance companies with its contract manufacturing services spanning mobile phones, televisions, washing machines, and lighting, and is the most representative success story of Make in India electronics manufacturing, with its net debt-free balance sheet supporting continued capacity expansion across its largest production facilities in Tirupati, Dehradun, and Noida.
2. Samsung Electronics India
Samsung Electronics, the South Korean multinational founded in the year 1969 and entering India in the year 1995, is India’s top consumer electronics company by revenue at Rs 1,02,626 crore, operating highly automated manufacturing bases in Noida — one of the largest mobile manufacturing facilities globally — alongside its consumer electronics production. The company is a benchmark enterprise in India’s electronics manufacturing industry, focusing on local procurement, technological innovation, and export-oriented production that is highly consistent with the Make in India initiative.
Samsung India serves consumers across smartphones, televisions, home appliances, and semiconductor components with its comprehensive electronics portfolio, and is the leading consumer electronics company in India by revenue while also being a benchmark for advanced automation technology and large-scale production capacity in India’s electronics manufacturing ecosystem.
3. LG Electronics India
LG Electronics, a subsidiary of LG Corporation of South Korea established in India in the year 1997, is one of the top electronics manufacturers in India with revenues of USD 2.80 billion, renowned for its high quality and sustainable development strategy. The company operates highly automated manufacturing bases in Ranjangaon, Maharashtra and Greater Noida, Uttar Pradesh that meet both local market demands and export capabilities, making LG a key force in India’s growing consumer electronics manufacturing system.
LG India serves consumers across home appliances, televisions, and air conditioning with its locally manufactured and globally exported product range, and its automated manufacturing bases combined with its strong sustainability strategy position it as one of the most consistently strong performers in India’s consumer electronics market.
4. Voltas Limited (Tata Group)
Voltas Limited, established in 1954 through a partnership between Tata Sons and Volkart Brothers that has lasted 69 years, is the largest air conditioning company in India and a part of the Tata Group, operating three core segments: unitary cooling products, electromechanical projects and services, and engineering products and services. Under Noel Tata’s leadership, Voltas has been at the forefront of the cooling products segment, selling over 2 million air conditioners within a single year, demonstrating exceptional consumer electronics manufacturing and distribution scale.
Voltas serves residential, commercial, and industrial cooling markets with its air conditioning, refrigeration, and engineering solutions, and is the most dominant brand in India’s room air conditioner market by volume, benefiting from its energy-efficient products and strong international market presence.
5. Tata Electronics Private Limited
Tata Electronics, a new and powerful player in India’s electronics manufacturing industry relying on the strength of the Tata Group, currently supplies precision components to Apple and is preparing to build India’s first major semiconductor manufacturing plant in Dholera, Gujarat. Although established relatively recently, Tata Electronics has strong financial and strategic support behind it, marking an important step for India in building a local semiconductor and advanced electronics supply chain with significant leadership potential in future high-tech manufacturing.
Tata Electronics serves Apple and other global electronics OEMs with precision component manufacturing and is positioned to become India’s leading semiconductor manufacturer, representing the most ambitious vertical integration push in India’s electronics manufacturing ecosystem from components through to advanced chip fabrication.
6. Kaynes Technology India Limited
Kaynes Technology India, founded in the year 2008 and designing and manufacturing advanced electronics, provides end-to-end solutions across automotive, defence, and industrial sectors, focusing on embedded systems, IoT, and electronic manufacturing for global clients. The company is the fastest growing IoT, industrial, and medical electronics Electronics Manufacturing Services specialist, growing at 45 to 50 percent annually, with its aerospace, defence, and medical device EMS carrying 12 to 15 percent EBITDA margin — two to three times the standard EMS range due to higher engineering complexity.
Kaynes Technology serves automotive, defence, medical, and industrial OEMs with its specialised high-engineering-content electronics manufacturing services, and its focus on technically demanding segments with higher margins differentiates it from commodity consumer electronics contract manufacturers in India’s EMS sector.
7. Amber Enterprises India Limited
Amber Enterprises India, originally focused on making air conditioning units for OEMs, has quickly spread into motors, mobility applications, and most importantly electronics components including printed circuit board assemblies. The company’s most bold plan involves spending Rs 4,200 crore across two projects under the Electronics Component Manufacturing Scheme, including a Rs 3,200 crore joint venture for High-Density Interconnect PCBs and a Rs 990 crore multi-layer PCB project, with 27 production sites spread across nine Indian regions.
Amber Enterprises serves air conditioning OEMs and increasingly the broader electronics components market with its expanding PCB and printed circuit board assembly capabilities, and its mobility applications business making air coolers for buses, trains, metro systems, and military applications generates steady cash flows supporting its ambitious component manufacturing growth.
8. Syrma SGS Technology Limited
Syrma SGS Technology, a significant Indian electronics manufacturer, is the RFID, precision electronics, and PCBA specialist for defence and industrial applications, occupying an important niche in India’s growing electronics manufacturing ecosystem. The company has built specialised capabilities in radio frequency identification technology and precision electronics manufacturing that serve technically demanding defence and industrial clients requiring higher reliability and specification standards than standard consumer electronics manufacturing.
Syrma SGS serves defence and industrial clients with its specialised RFID and precision electronics manufacturing services, and its focus on technically demanding niches gives it differentiated positioning within India’s broader electronics manufacturing services industry that is dominated by larger consumer electronics-focused players.
9. Foxconn India (Hon Hai Technology Group)
Foxconn, the Taiwanese contract electronics manufacturing giant operating in India through its Sri City facility and other locations, is one of the most significant foreign Electronics Manufacturing Service providers in India’s growing iPhone and consumer electronics manufacturing ecosystem. Foxconn’s India operations are central to Apple’s supplier diversification strategy from China, contributing significantly to India’s growing iPhone manufacturing share that is targeted to reach 25 percent of global production by FY28.
Foxconn India serves Apple and other global electronics brands with its large-scale contract manufacturing operations, and represents one of the most important foreign EMS investments in India’s electronics manufacturing ecosystem, directly supporting the country’s ambition to become a major global electronics export hub.
10. Avalon Technologies Limited
Avalon Technologies, one of India’s emerging publicly listed electronic manufacturing companies, has built a growing presence in the country’s expanding electronics industry structure that spans OEM, EMS, and full industrial chain manufacturing from design through assembly, testing, packaging, and shipment. The company represents the maturing ecosystem of mid-size Indian electronics manufacturers that are gaining global competitiveness in fields such as smartphones, televisions, and wearable devices alongside the larger established players.
Avalon Technologies serves a diverse range of electronics OEM clients with its growing manufacturing capabilities, and represents the broader maturation of India’s electronics manufacturing industry beyond the dominant large players into a more diversified ecosystem of capable mid-size manufacturers.
Frequently Asked Questions (FAQs)
Q: Which is the largest electronics company in India by manufacturing in 2026?
A: Dixon Technologies is India’s largest Electronics Manufacturing Services provider with a market capitalisation reaching USD 11.10 billion and FY 2024-25 sales of Rs 38,880 crore. By revenue, Samsung Electronics India leads consumer electronics at Rs 1,02,626 crore, while LG Electronics India generates USD 2.80 billion, making Samsung and LG the dominant brands by revenue with Dixon dominating contract manufacturing services.
Q: What is the size of India’s electronics manufacturing industry?
A: India’s electronics manufacturing industry was estimated to be worth USD 155 billion in 2024 and is projected to grow at a 21.5 percent CAGR to USD 500 billion by 2030 according to Niti Aayog. India is now the second-largest mobile phone manufacturing nation globally, planning to manufacture 1 billion mobile phones by 2026, with domestic value addition rising from 10 to 15 percent in 2014 to 25 percent in 2021.
Q: How is Apple’s manufacturing shift benefiting India’s electronics industry?
A: Apple’s strategic decision to manufacture iPhones in India through Foxconn and Tata Electronics is creating USD 30 billion of annual electronic exports by FY30. India now manufactures 15 percent of global iPhones, targeting 25 percent by FY28. Each percentage point of iPhone manufacturing shift to India creates USD 800 to 900 million of EMS supply chain revenue, directly benefiting companies like Dixon Technologies, Kaynes, and Syrma that supply components and assembly services.
Q: What is the PLI scheme for electronics manufacturing in India?
A: India’s PLI for Large Scale Electronics Manufacturing allocates Rs 41,000 crore with a 6 percent production subsidy on incremental sales above the base year. PLI payments directly improve EBITDA margins by 300 to 500 basis points over the five-year incentive period for qualifying companies including Dixon Technologies, Kaynes, and Syrma. The scheme has been a major catalyst for India’s electronics manufacturing growth and global OEM customer acquisition.
Q: What is the difference between an OEM and an EMS company in electronics?
A: An OEM or Original Equipment Manufacturer like Samsung, Apple, or Xiaomi designs and sells branded electronics products under their own name. An EMS or Electronics Manufacturing Service provider like Dixon Technologies, Foxconn, or Avalon Technologies manufactures electronics products on behalf of OEM brands without selling under their own brand name, earning revenue through contract manufacturing fees. India’s electronics industry structure spans both categories, with EMS companies experiencing the fastest growth as global OEMs diversify manufacturing away from China.
