Apple iPhone Production in India Soars 60% to ₹1.89 Lakh Crore in 2024-25
Click to start listening
Synopsis
Apple India has experienced a significant 60% growth in iPhone production, achieving a turnover of approximately ₹1.89 lakh crore in the fiscal year ending March 31, 2025. This surge in manufacturing is largely driven by exports, especially amidst the challenges posed by US-China trade tensions.
Key Takeaways
- 60% increase in iPhone production by Apple India.
- Turnover reached ₹1.89 lakh crore in 2024-25.
- Exports contributed ₹1.5 lakh crore to the total production.
- Foxconn and Tata Electronics are major contributors to exports.
- Government initiatives have significantly boosted electronics manufacturing.
New Delhi, April 19 (NationPress) Apple India has achieved a remarkable 60% increase in iPhone manufacturing from its Indian supply chain, reaching a turnover of nearly ₹1.89 lakh crore for the fiscal year concluding on March 31, 2025, as per industry figures.
Out of this total production, Apple exported iPhones worth ₹1.5 lakh crore from India during 2024-25, as stated by Minister for Electronics and Information Technology (MeitY) Ashwini Vaishnaw.
Apple’s manufacturing operations in India are likely to gain momentum due to the ongoing US-China tariff war, which is expected to adversely affect the American tech giant’s exports from China.
With US tariffs being significantly lower on smartphones produced in India, Apple is well-positioned to further enhance its production capabilities within the nation.
India's smartphone exports surpassed a remarkable ₹1.75 lakh crore (approximately $21 billion) in the first 11 months of 2024-25 (April-February), marking a 54% increase compared to the same period in 2023-24, according to the India Cellular and Electronics Association.
Approximately 70% of these exports were attributed to Apple's iPhone supply chain, with Foxconn in Tamil Nadu responsible for nearly 50% of the overseas shipments. Exports from the Foxconn facility experienced an impressive 40% growth over the prior financial year.
Additionally, Tata Electronics, an iPhone supplier that has taken over the Wistron smartphone manufacturing plant in Karnataka, contributed about 22% of the exports. Furthermore, 12% of the shipments originated from the Pegatron facility in Tamil Nadu, where Tata Electronics acquired a 60% stake at the end of January. With these acquisitions, the Tata group has emerged as a significant player in iPhone production in India.
The South Korean tech giant Samsung accounted for around 20% of the total smartphone exports from India.
Vaishnaw previously indicated that he anticipated smartphone exports to reach $20 billion (₹1.68 lakh crore) during 2024-25, but this estimate has already been surpassed within the first 11 months of the current fiscal year.
India’s electronics exports, spearheaded by smartphones, have been on an upward trajectory in recent years, thanks to the government’s Production Linked Incentive (PLI) Scheme, which has successfully attracted foreign tech giants like Apple and its suppliers aiming to establish alternate supply chains outside of China amid US sanctions.
The PLI initiative has not only bolstered exports but also minimized imports, as domestic production now satisfies 99% of local demand.
As per Parliament data, the Production Linked Scheme for electronics manufacturing has garnered a cumulative investment of ₹10,213 crore until December 2024, resulting in the creation of over 1.37 lakh direct jobs and significantly enhancing the country’s exports.
