Did Apple’s iPhone CY25 Exports from India Surpass Rs 2 Lakh Crore for the First Time?
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Key Takeaways
New Delhi, Jan 12 (NationPress) - For the first time since the commencement of domestic production in 2021, US tech powerhouse Apple Inc has seen its iPhone exports from India exceed Rs 2 lakh crore in 2025, according to industry statistics.
During the period from January to December 2025, exports from the tech titan reached an unprecedented $23 billion or Rs 2.03 lakh crore, marking an increase of nearly 85 percent compared to 2024.
With approximately three months remaining before the conclusion of Apple’s five-year Production-Linked Incentive (PLI) window, the company’s strategy in India has prominently focused on boosting iPhone exports.
In the first nine months of FY26, iPhone exports amounted to nearly $16 billion, pushing the total shipments during the PLI period beyond the $50 billion threshold.
For context, Samsung exported devices valued at around $17 billion during its five-year eligibility under the scheme from FY21 to FY25.
Apple’s manufacturing presence in India encompasses five iPhone assembly facilities—three operated by entities of the Tata Group and two by Foxconn—backed by a supply chain of approximately 45 companies, including numerous MSMEs that provide components for both local and international operations.
Primarily driven by iPhone shipments, which accounted for about 75 percent of total smartphone exports, smartphones ascended to become India’s leading export category in FY25, a notable rise from their position of 167 among export items in 2015.
India has emerged as the world’s second-largest mobile phone manufacturer, with over 99 percent of phones sold locally now categorized as Made in India, moving up the manufacturing value chain.
The smartphone PLI scheme is set to wrap up in March 2026, although the government is reportedly considering options to extend support. Under revised regulations, companies are permitted to claim incentives for any five consecutive years within a six-year timeframe.
Moreover, Apple recorded sales of approximately 6.5 million iPhone 16 units within the first 11 months of 2025, making it the top-selling smartphone in the country.