Yes, it is true that in 2024, India has kinda become one of the biggest electronics markets in the world. And sure, there is always high demand for electronics products that are of good quality and are associated with top-notch brand names. But have you ever stopped to think about who really are the top companies or manufacturers in the country that actually make these products? Well, thankfully we have plenty of those and they’re kinda keeping up with the rising demand. And that is precisely what we will be taking a look at today in this post of top 10 leading electronics manufacturing companies in India as of 2024. So, let’s just get to the list, shall we?

1. Bosch India

Bosch India company has a huge electronics manufacturing market share and is particularly the leading automotive and industrial electronics manufacturer also. By using classic control units and sensors integrated with their specialized Bosch Company, they can offer no defects and minimum repairs, and together with constant investment in R&D in the latest technologies, Bosch stands out in the auto production market as a highly innovative company, that we can say for sure. With their smart manufacturing labs in Tamil Nadu and Karnataka and the R&D activities in IoT and smart manufacturing, the Bosch company is very actively engaged in the country.

2. Havells India

Havells India is now a super popular name and the company is simply unbeatable in the field of electronics. Havells has a quality range of products including still main lighting addition and home improvement products from air purifiers to water heaters, you know? Without a single doubt, the recent acquisition of Lloyd has greatly improved the catalog of Havells which, along with the move towards LED TVs, will enable the company to become a player in the air conditioning sector, apart from being the leader of the segment. Though, their strategy for growth focuses on the residential and commercial sectors which means that Encanto will initiate its 10% revenue growth plan by 2024.

3. Dixon Technologies

Next on the list, Dixon Technologies is the leading electronics service provider working for the world’s largest companies such as Samsung and Xiaomi. And just so you know, Dixon covers all essential aspects of television and smartphone products, manufacturing, and popular products like a washing machine and LED bulbs. The 45.1% increase in 2024 is the brilliant success ratio and on December 31 their revenue was 177 billion rupees.

4. PG Electroplast

PG Electroplast is coming up as one of the forces that are considered important in the Indian electronics manufacturing sector, which has been the major concern of other firms like LG, Whirlpool, and Usha which the company serves, you know? Right now though, with eight facilities located in Greater Noida and Roorkee, PG Electroplast has been involved with consumer electronics and plastic molding, especially in the home appliances sector such as air conditioners and refrigerators. And just so you know, this company posted a whopping 27% increase in revenue for 2024, which was attributed mainly to the high demand for its manufacturing services right here in the country.

5. Voltas

Next on the list, as you may already know, a member of the Tata Group, Voltas is the leader in the air conditioning and home appliance sectors. Established in the year 1954, Voltas has to-date expanded and diversified its product portfolio by launching IoT-enabled air conditioning systems and refrigerators designed specifically with an energy-efficient feature set. Without a single doubt, Voltas is highly ranked in the market as far as air conditioning is concerned, so, sure, we had to include this one on the list as well.

6. Godrej & Boyce Manufacturing

Godrej & Boyce, a member company of the Godrej Group well known for its electronic products such as washing machines and air conditioners, is a prominent player in the market in electronics and home appliances. Without a single doubt, Godrej is reputable for its excellent quality and sustainability, so it offers products such as Refrigerators, washing machines, and air conditioners that are environmentally friendly.

7. Blue Star

Blue Star, which started trading in 1943, is known for its true cooling technologies, you know? For those who don’t know, well, it mainly focuses on HVAC systems for residential and commercial use. The company is doing a lot of R&D in order to provide its customers with IoT-enabled products that use energy in the most efficient way. In 2024, the company expanded its market share with the introduction of air conditioners and refrigeration systems that use green technology.

8. Symphony

As you may already know, Symphony has secured its spot as the top air cooling company in the world. It is known for its budget-friendly offering and it is the manufacturing company of energy-efficient air coolers. The company is based in Ahmedabad India, but it exports its products to over 60 countries, did you know that already? Among these are digital products with remote operation and the company is in fact in control of the innovation. In 2024, Symphony earned entrusted revenue of Rs 11.5 billion which was made possible by eco-friendly cooling solutions.

9. Bharat Electronics Limited (BEL)

BEL is the defense and aerospace electronic systems element in the company’s portfolio. As such, it is purely government-owned, you know? Like, the communication and radar systems that were built by BEL can be found in India’s defense sector. The company has invested a lot in manufacturing and the recent innovations we have seen are the support BEL gives to India in becoming self-reliant. Just so you know though, in 2024, the objectives of BEL were wider, and civilian markets were not the only ones that were taken into consideration.

10. Polycab India

In the market of cables, wires, and electrical products, Polycab being an India-based company deserves a spot on this list, you know, with growing operations in FMEG, such as fans, LED lighting, and solar inverters. Recently though, with revenue unexpectedly surpassing Rs 180.4 billion in 2024, Polycab’s domestic and international reach which give it a strong market position is the best indicator of its market leadership.

Conclusion

All in all, when you see electronics products in India up for sale in nearby stores, it is pretty much possible that one of these companies is the manufacturer of that. And it is not like behind-the-scenes kinda manufacturers, these are actual big brands right here in India, and people really trust them.