Lenovo is on track to double its local production of smartphones and laptops in India during the 2024-25 fiscal year, increasing output from the 6.4 million units produced in 2023-24, according to Lenovo India Managing Director Shailendra Katyal.
Katyal shared that the company is committed to scaling up its local manufacturing operations annually. Lenovo is preparing to produce nearly all its personal computer models in India, having already achieved 100% local production for its Motorola smartphones. This expansion is driven by Lenovo's participation in the Indian government’s Production Linked Incentive (PLI) scheme and the push for global brands to boost domestic manufacturing. In the 2022-23 fiscal year, Lenovo produced 5 million units in India.
The company plans to produce over 12 million units in India in the 2024-25 fiscal year, enabling a significant reduction in imports. Lenovo is also working to develop a robust component ecosystem within the country. Katyal added that local production is expected to grow by 40% in the following fiscal year, 2025-26, compared to the current fiscal year’s target.
Lenovo’s manufacturing operations in India include laptops and desktops produced at its company-owned plant in Puducherry, which will soon also produce artificial intelligence servers. Additionally, Motorola smartphones, tablets, and laptops are manufactured by contract partner Dixon Technologies. This expanded local production aligns with Lenovo’s strategy to strengthen its presence in India and support the government’s "Make in India" initiative.
We use cookies to ensure you get the best experience on our website. Read more...