Apple Inc. has significantly ramped up its iPhone production in India, with approximately $14 billion worth of iPhones assembled in the country during fiscal 2024.
This move underscores Apple’s efforts to diversify its manufacturing base beyond China and reduce reliance on a single geopolitical region.
According to Bloomberg News, Apple now manufactures around 14% of its flagship iPhones in India, representing approximately 1 in 7 devices.
Foxconn accounted for nearly 67% of the India-made iPhones, followed by Pegatron Corp, with approximately 17% production. The remaining share was manufactured at Wistron Corp’s plant in Karnataka, which was taken over by the Tata Group last year.
Amidst geopolitical tensions between Beijing and Washington, Apple is strategically diversifying its supply chain to mitigate risks and ensure continuity of operations.
While China remains the largest iPhone manufacturing hub globally, Apple’s increased focus on India reflects its commitment to long-term resilience and flexibility.
In a significant development, Pegatron is reportedly in advanced discussions to transfer control of its sole iPhone manufacturing facility in Tamil Nadu to the Tata Group.
This move aligns with Apple’s broader strategy of forging partnerships with established players in key markets like India.
Additionally, Tata Group’s plans to establish a new manufacturing plant in Hosur, Tamil Nadu, further solidify its collaboration with Pegatron.
Tony Boyce is a seasoned journalist and editor at Sharks Magazine, where his expertise in business and startups journalism shines through his compelling storytelling and in-depth analysis. With 12 years of experience navigating the intricate world of entrepreneurship and business news, Tony has become a trusted voice for readers seeking insights into the latest trends, strategies, and success stories.