News Brief
One In Seven iPhones Now Made In India, Last Fiscal's Production Worth $14 Billion
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Apple has ramped up its iPhone production in India, with the tech giant assembling iPhones worth around $14 billion in the last fiscal year, effectively doubling its output in the country.
This increase means that around 14 per cent, or about 1 in 7, of Apple's iPhones are now manufactured in India.
Apple's Indian production ramp up comes as the tech giant aims to mitigate its heavy reliance on China, where it faces both the challenge of rising geopolitical tensions and increased competition from local companies like Huawei.
Despite these challenges, China continues to be Apple's largest manufacturing hub and a key market.
The expansion in India represents a significant achievement for Prime Minister Narendra Modi’s government, which has been actively courting foreign investment in high-end manufacturing, resulting in the creation of 150,000 jobs at Apple’s supplier facilities.
Foxconn Technology Group assembled nearly 67 per cent and Pegatron about 17 per cent of the India-made iPhones in the fiscal year ended March 2024, Bloomberg reported citing people familiar with the matter.
The remaining iPhones were made in Wistron's Karnataka factory, which the salt-to-software conglomerate Tata Group took over last year.
The shift to India not only reflects Apple's adaptation to the changing global tech landscape but also highlights India's rising prominence as a manufacturing hub, attracting other major tech firms.
Apple currently produces models ranging from the legacy 12 to its latest iPhone 15 in India, but not the higher-spec Pro and Pro Max models.
Most of the iPhones produced in India are exported by the US-based tech giant.
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