In a significant development, Apple Inc. has ramped up its iPhone production in India, assembling devices worth a whopping $14 billion in fiscal 2024. With a substantial portion of its flagship smartphones now being manufactured in India, Apple’s move underscores the growing prominence of the country in the global tech supply chain.
According to a report by Bloomberg News, Apple’s Indian manufacturing now accounts for approximately 14% of its total iPhone production, marking a substantial shift in its sourcing strategy. With key players like Foxconn and Pegatron leading the charge, India has emerged as a crucial hub for iPhone assembly.
Foxconn, one of Apple’s primary manufacturing partners, is responsible for nearly 67% of the iPhones assembled in India, while Pegatron contributes around 17%. Additionally, Wistron Corp’s plant in Karnataka, managed by the Tata Group, handles the remaining production.
Despite repeated requests for comment, Apple has remained tight-lipped about its Indian manufacturing endeavors, indicating a strategic silence on the matter. This significant uptick in production comes at a time when Apple is actively seeking to diversify its supply chain beyond China, amidst escalating geopolitical tensions.
Apple’s pivot towards India reflects a broader trend in the tech industry, with companies increasingly seeking alternative manufacturing locations to mitigate geopolitical risks. Despite China’s continued dominance in iPhone production, Apple’s efforts to bolster its Indian manufacturing signify a strategic shift towards geographic diversification.
Moreover, recent reports suggest that Apple’s key supplier, Pegatron, is in advanced talks to transfer control of its iPhone manufacturing facility near Chennai to the Tata Group. This move aligns with Tata’s plans to expand its manufacturing footprint in India, positioning the conglomerate as a significant player in the country’s burgeoning tech manufacturing sector.
As Apple continues to expand its Indian manufacturing operations, the country’s tech landscape stands poised for unprecedented growth, offering lucrative opportunities for both industry players and consumers alike.
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