Top 10 Consumer Electronics Companies in India (2025)

The Indian consumer electronics industry is a major economic driver of the nation. More and more Indians have excess money, urbanization is taking place at a higher rate, and technology is advancing day by day. So this has boosted the demand for electronic goods to a very large extent in the country. The "Make in India" and "Digital India" initiatives have provided a best-in-class ecosystem to domestic as well as global electronics firms to scale up their activities.

There are Indian success stories and global giants in India's electronics industry. These market leaders have succeeded in establishing themselves by knowing where they fit, producing products that are desired, and possessing good distribution channels. They've also adapted their products to what Indians desire and can afford.

These top 10 electronics companies excel because they:

These companies don't just control the consumer electronics market - they provide jobs and boost the manufacturing sector in India. Apart from that, some have established R&D centers here, bringing state-of-the-art product development to India.

Let’s look at each of the top 10 consumer electronics companies in more detail. We will discuss the distinctive qualities that set them apart, the products they sell, and their market positions. From well-established international firms with centuries of history to fast-growing Indian firms, these firms are changing India's electronics manufacturing base in 2025.

What is Consumer Electronics?

Consumer electronics are electronic devices typically used for leisure purposes or in homes, such as televisions, game consoles, mobile phones, computer hardware/software, digital cameras/camcorders, audio equipment (such as MP3 players), fax machines, and home appliances like washing machines and dishwashers.

India is one of the fastest-growing and most influential electronics manufacturing hubs today. The sector grew from $67 billion in 2021 and is expected to hit $300 billion by 2025. This growth puts India among the fastest-growing markets targeted by large consumer electronics firms. The production numbers of the mobile phone speak volumes. It went up from 2 million units in 2014 to 300 million units in 2021. India is now the second-largest mobile phone manufacturing nation in the world. India plans to manufacture 1 billion mobile phones by 2025. Additionally, the value addition within the nation has gone up from 10-15% in 2014 to 25% in 2021.

● History of Consumer Electronics Companies

India's electronics industry started in the early 1960s with the manufacturing of simple communication systems and defense technologies. The industry was under government control until the early 1990s, when economic liberalization introduced radical change. The change was a turning point, as new policies promoted private investments by both domestic and foreign players through the introduction of 100% foreign equity and the lowering of customs duties. Dixon Technologies was among the firms that took advantage of the opportunity, starting television manufacturing in 1994 to cater to the accumulated demand of the market.

● Importance of Consumer Electronics

Electronics account for approximately 3.4% of India's GDP. The consumer electronics industry was USD 73.73 billion in 2022 and is expected to grow at 6.8% CAGR from 2030. The industry generates a lot of employment, and the government aims to double employment from 25 lakh to 50 lakh in the next five years. Electronics exports were USD 29.12 billion for 2023-24, a growth of 23.6% from the previous year.

Criteria for Ranking Consumer Electronics Companies

Several key determinants determine the market position and consumer choice of the leading consumer electronics industry in India. My research on consumer behavior and consumer trends reveals the determinants that distinguish leading electronics producers from others.

The location of a company is, to a great degree, based on its expertise and experience. Businesses that are more established in the consumer electronics market tend to acquire richer skills and experience, but success cannot be merely determined by business time. Product quality stands as the most crucial factor, as consumers expect electronics to meet strict safety and functionality standards.

Rankings in the consumer electronics industry reflect both market performance numbers and quality factors like brand reputation, innovation, and customer satisfaction scores.

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Top 10 Consumer Electronics Companies in India

The consumer electronics manufacturing sector in India has changed dramatically over the last several years. The industry grew from USD 9.70 billion in 2014 and experts project it will reach USD 20.60 billion by 2020, with a yearly growth rate of 13.4%. This expansion creates opportunities for international giants and local electronics manufacturers alike.

Indian electronics exports tell an impressive story. The country shipped USD 29.12 billion worth of electronics in 2023-24, which is a big deal as it means that exports rose by 23.6% compared to the previous year. Major buyers include the United States, UAE, Netherlands, UK, and Italy.

Let's take a closer look at the top consumer electronics companies that lead the Indian consumer electronics market:

Samsung India

Samsung Electronics, headquartered in Suwon, South Korea, was founded in 1969. Samsung is one of the top consumer electronics companies in the world. Samsung has grown into a dominant force in India's electronics ecosystem since its start in 1995. The company now has over 200,000 retail outlets nationwide. This South Korean giant's influence spans multiple product categories and stands among the top consumer electronics companies in India.

LG Electronics India

LG Electronics is the best electronics company based in Seoul, South Korea, and was founded in 1958 as GoldStar. LG Electronics stands as a powerhouse among India's top consumer electronics companies. The company has led the market in multiple product categories for 13 straight years (2011-2023). This 1997-old company has positioned itself as both a premium brand and a reliable manufacturer in the Indian market.

Xiaomi India

Xiaomi, headquartered in Beijing, China, was founded in 2010. It entered India in 2014 and has quickly become one of the leading consumer electronics brands in India. Known for its affordable and feature-rich smartphones, Xiaomi has expanded its product range to include various electronic devices and appliances, all while focusing on local manufacturing under the "Make in India" initiative.

Xiaomi’s commitment to innovation and affordability has helped it secure a significant market share in India. The company is poised for further expansion with a focus on AI, 5G products, and smart home solutions.

Dixon Technologies

Dixon Technologies is one of the top electronics companies. It started in a small rented factory in Noida and grew into a manufacturing powerhouse among top consumer electronics companies in India. The company began in 1993 with just ₹40 lakh and started manufacturing televisions in 1994. Lucky Gold Star (now LG) became their first breakthrough.

The company now stands as India's largest electronics manufacturing services (EMS) provider. Their rapid yearly growth comes with plans to double revenue. Dixon's market capitalization reached USD 11.10 billion, earning its place as a mid-cap company in the Consumer Durables sector.

Voltas

The 69-year-old collaboration between Tata Sons and Volkart Brothers has made Voltas India's leading air conditioning brand among the top consumer electronics companies. Voltas is headquartered in Mumbai, India. Under Noel Tata's leadership, this Mumbai-based Tata Group subsidiary leads the cooling products segment.

Voltas hit an extraordinary milestone by becoming India's first brand to sell over 2 million air conditioner units in a single financial year (FY24). The company saw a 35% volume growth and managed to keep its market dominance with a 20.5% share in the room air conditioner segment. This shows how much Indian consumers trust the brand.

Godrej Appliances

Godrej Appliances, a division of Godrej & Boyce, was founded in 1958 and is headquartered in Mumbai. Godrej Appliances stands as the top consumer electronics company in India with remarkable growth. The company plans to reach Rs 10,000 crore revenue by FY26. This business unit of Godrej and Boyce has grown significantly. They closed FY24 at Rs 6,000 crore and expect to touch Rs 8,500 crore in FY25.

IFB Industries

IFB Industries, a 49-year-old company, started its journey as Indian Fine Blanks Ltd through collaboration with Switzerland's Heinrich Schmid AG in 1974. The company ranks among the top consumer electronics companies in India with a strong foothold in home appliances. Their entry into consumer electronics happened in 1989 when they partnered with Bosch-Siemens Hausgerate to manufacture fully automatic washing machines.

Panasonic India

Panasonic, headquartered in Osaka, Japan, was founded in 1918. It entered the Indian market in 1972. Panasonic, one of India's top consumer electronics companies, got multiple prestigious awards in 2024. These include "Best AC Brand" from Gadgets360, "Smart AC of the Year" from Gadgets Now, and "AC Brand of the Year" from MySmartPrice. The company's rigorous quality control ensures each air conditioner passes more than 400 tests. These tests include harsh rain simulations that prove durability in India's challenging climate.

Panasonic Life Solutions India's revenue reached Rs 10,500 crore in FY23. The company wants double-digit growth in FY24. Revenue projections show approximately Rs 11,000 crore for FY25, a 9-10% increase. Consumer products make up 40% of total revenue, while wiring devices and B2B solutions account for the rest.

Sony India

Sony is the world's no 1 electronics company, based in Tokyo, Japan, and was founded in 1946 and has been present in India since 1994. Sony India's impressive revival among top consumer electronics markets continues with its focus on premium offerings. Managing Director Sunil Nayyar shared that sales grew 20% to reach Rs 7,664 crore last year with a profit of Rs 225 crore. The company expects to hit Rs 8,500 crore revenue this financial year and plans to cross Rs 10,000 crore in the next couple of years.

OnePlus India

OnePlus, headquartered in Shenzhen, China, was founded in 2013. It launched in India in 2014. OnePlus, once the favorite brand of India's tech enthusiasts, has hit rough waters in the top consumer electronics market. The brand's market share dropped from 6.1% in 2023 to 3.9% in 2024 - a steep 36% decline. Canalys, a market research firm, painted an even grimmer picture with numbers falling from 21% in early 2023 to just 6% in 2024.

The company launched "Project Starlight" in 2024 to bounce back. They pledged Rs 2,000 crore yearly for three straight years (2025-2027). This Rs 6,000 crore investment targets three key areas:

● Better device durability

● Wider after-sales service networks

● Custom India-specific features

Trends in Consumer Electronics Manufacturing

Top consumer electronics companies are witnessing a dramatic change in their manufacturing landscape. The industry shows unprecedented growth. Electronics production could reach USD 500 billion by 2030, growing at a compound annual rate of 26% between 2023 and 2030.

Manufacturers now prioritize sustainability as their main focus. They have started implementing waste reduction strategies and developing recyclable products. New research shows promise in creating recyclable printed circuit boards that can undergo multiple recycling cycles without significant material degradation. Quality control methods have made great strides through non-destructive testing. Modern X-ray technology detects material density abnormalities and thickness issues that visual inspections might miss. These improvements matter especially when components are made for the aerospace and energy sectors.

Electronics manufacturers are moving toward nearshoring as they reassess geographical proximity. Supply chain disruptions from recent geopolitical tensions have pushed companies to produce closer to their markets. India's electronics manufacturing companies' ecosystem benefits from this trend as global firms look for alternatives to traditional manufacturing hubs.

As India's electronics manufacturing industry rapidly expands, manufacturers are not only expanding their production capacity, but are also actively transforming their production models. In order to cope with increasingly fierce global competition and changing technological demands, the industry is gradually shifting its focus to a smarter, more sustainable and more resilient manufacturing system. Smart factories have revolutionized production processes with automation and Industry 4.0 principles. These facilities use fully digitized manufacturing and inspection workflows to cut costs and prevent delays. AI-powered systems boost predictive maintenance capabilities and spot potential failures before they happen. All in all, consumer electronics manufacturing in India is moving in a good direction.

PCBasic's Consumer Electronics Assembly Services

PCBasic is a valuable partner for top consumer electronics companies that need reliable assembly services in today's competitive market. India's growing strength in global electronics manufacturing has made specialized assembly providers a vital part of the supply chain.

PCBasic's advanced Surface Mount Technology (SMT) delivers precision in every Printed Circuit Board Assembly (PCBA). This matters more than ever as India's PCBA market grows at an impressive 30% CAGR over the next five years. Their assembly expertise covers different consumer products:

● Smartphones and tablets

● Smart home devices (speakers, cameras, thermostats)

● Wearable technology, like smartwatches and health monitors.

The 14-year-old PCBasic and one of the reliable electronics assembly companies, runs eight fully automatic SMT production lines and traditional through-hole technology capabilities. This versatility helps them support both established manufacturers and emerging consumer electronics startups.

PCBasic handles it all without minimum order requirements for small-batch prototypes or high-volume manufacturing. Consumer electronics startups expanding in India will find PCBasic's turnkey solutions helpful. These include PCB fabrication, component sourcing, assembly, and detailed testing.

Quality remains their top priority through:

● AI-powered Automated Optical Inspection

● In-circuit Testing before final assembly

● Functional Testing with up-to-the-minute modeling

● X-ray inspection to detect hidden defects

Government initiatives like the Production-Linked Incentive scheme speed up electronics manufacturing in India. Assembly specialists like PCBasic help companies handle complex regulatory requirements while maintaining quality standards.

PCBasic stands out from competitors. They were among the first small-to-medium batch PCBA factories to use advanced flying probe testers. This enables precise functional testing without dedicated fixtures - perfect for prototype development or small production runs in India's growing electronics ecosystem.

Conclusion

The Indian consumer electronics manufacturing industry recorded fantastic growth in 2024-25, with market leaders Samsung and LG still dominating—Samsung recording ₹102,626 crore in revenues and LG USD 2.80 billion. Local manufacturers also registered good performance, with Dixon Technologies becoming the largest electronics services provider and Voltas selling over 2 million air conditioners within a year.

FAQS:

1. Which is the No.1 consumer electronics company in India?

Samsung is India's top consumer electronics company by revenue, while Havells is noted as the largest manufacturer.

2. Is Dixon Technologies an Indian brand?

Yes, Dixon Technologies is a fully Indian brand, founded by Sunil Vachani in 1993, and is now India’s largest electronics manufacturing services provider.

3. What are some affordable electronics brands in India?

Affordable electronics brands in India include Xiaomi, Realme, Boat, Fire-Boltt, Micromax, and Noise.

4. What are the most popular consumer electronics products in India?

Smartphones are the top consumer electronics in India, followed by set-top boxes, TVs, appliances, wearables, and TWS earbuds.