The wearables market in India saw its first decline in Q2 2024, with total units falling 10.0% YoY to 29.5 million units, attributed to cautious inventory stocking and fewer new launches.
Smartwatch shipments dropped 27.4% YoY in Q2 2024, led by Noise, Fire-Boltt, and Boat. Earphones grew by 0.7%, TWS segment strengthened. New segment OWS/OES by PTron, Truke, Noise, and premium Bose emerged.
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