‘Made in India’ TV shipments grew 33% QoQ in Q3 2022 (July-September) to reach over 5 million units, according to the latest research from Counterpoint’s Made in India service.

In the electronic wearables category, the TWS segment led in terms of local manufacturing with almost 37% of its shipments being manufactured in India.

The TV market showed high QoQ growth due to the festive season, which drove consumer demand, increasing local manufacturing shipments as well.

The top five manufacturers contributed to more than 55% of the locally manufactured TV shipments in Q3 2022. Local manufacturing continues to stay robust for segments like smartwatches, TWS, tablets and neckbands also.