Asia Express
Apple Aims to Double iPhone Production Value in India to US$14 Billion
April 11, 2024

According to a report by the Times of India on April 11, Apple is gearing up to increase its iPhone production capacity in India, leveraging the high-end manufacturing incentives promoted by the Indian government. Currently, iPhones manufactured in India constitute approximately 14% of Apple's total production volume. By the end of the fiscal year in March 2024, the production value of iPhones assembled in India reached US$14 billion, representing a doubling of production scale from the previous year.
The expansion of Apple's supply chain in India is evident. Over the past year, Foxconn assembled nearly 67% of iPhones in India, with Wistron contributing around 17%. Additionally, Tata Group, a local Indian enterprise, produced approximately 16% of iPhones at its Karnataka factory after acquiring Wistron's India plant last year.

While the main models manufactured locally range from iPhone 12 to iPhone 15, higher-end Pro and Pro Max flagship devices are not yet produced in India. These India-made iPhones are primarily intended for export. However, India's overall industrial infrastructure, marked by unstable water and electricity supply, coupled with labor management issues, presents significant hurdles in replicating the manufacturing environment seen in China. As a result, China is expected to remain Apple's primary production location for at least the next five years, according to the Market Intelligence & Consulting Institute (MIC). Despite steady growth, with the proportion of iPhones made in India rising from 2%-3% in 2021 to approximately 6%-8% in 2023, the share of iPhones manufactured in China has declined from over 90% to 82%-85% during the same period. MIC forecasts that this shifting trend is likely to persist in the future.