New Delhi, Sept. 15 -- India's smartphone exports have exceeded Rs 1 lakh crore in the first five months of the current financial year (FY26), marking a new record, according to industry estimates.

The figure reflects a 55 per cent rise compared to the Rs 64,500 crore recorded during the same period in FY25, despite ongoing tariff and trade frictions with the United States.

Industry sources indicated that Apple's contract manufacturers, Tata Electronics and Foxconn, accounted for nearly three-fourths of outbound shipments, contributing over Rs 75,000 crore to the total, according to The Economic Times.

The company's expanded production in Tamil Nadu and Karnataka has been supported by the government's production-linked incentive (PLI) ...