High-value parts push up electronics firms’ import bill

Apple, Samsung, LG, Haier, Lenovo, Whirlpool, and Motorola are among nearly a dozen electronics companies that imported a combined more than ₹1.21 lakh crore worth of components and products in FY25, recording more than 13% growth, marking a reversal from the first-ever decline seen in the year before, showed latest regulatory filings of these companies.

Industry executives attributed the rebound to greater imports of high-value parts and a weaker rupee, even as the government’s Make in India campaign has so far failed to reduce imports by value for most of the companies since 2018-19, the filings revealed. The sole exception was in FY24 with a 6% decline in the consolidated import bill of these companies.