Nokia’s India Growth Surges 75% in Q1 Amid New Airtel and Vi Deals, but Tariff Challenges Persist

Image Source: Times of India

Nokia has reported a remarkable 75 percent year-over-year increase in its India net sales for the first quarter of 2025, driven by new 4G and 5G deployment agreements with Bharti Airtel and Vodafone Idea. Despite this strong growth, the company faces potential short-term disruptions due to evolving tariff regulations.

Key Developments

- Nokia’s India net sales reached 464 million euros, approximately 4,501 crore rupees, marking a significant recovery in the region.
- The company’s Fixed Wireless Access and cloud and network services businesses contributed to the growth, with India leading regional expansion.
- Nokia’s Mobile Networks business unit posted a three percent year-on-year increase in global net sales, reaching 1.73 billion euros.
- Newly appointed President and CEO Justin Hotard cautioned that ongoing tariff uncertainties could impact second-quarter operating profit by 20 to 30 million euros.
- Nokia plans to leverage its global manufacturing footprint to mitigate tariff-related challenges while maintaining its full-year operating profit guidance of 1.9 to 2.4 billion euros.

Market Outlook

While Nokia’s India growth remains strong, the company acknowledges potential headwinds from tariff adjustments. Industry analysts suggest that Nokia’s strategic investments in India’s telecom infrastructure will continue to drive long-term expansion despite short-term uncertainties.

Sources: Moneycontrol, Economic Times, Telecom ET.