Apple's iPhone exports from India surge 33% amid expansion efforts

Apple Inc. has significantly increased its iPhone exports from India, reporting a 33% rise in the six months through September. The tech giant exported nearly $6 billion worth of India-made iPhones, positioning annual exports to potentially exceed $10 billion for fiscal 2024. This surge highlights Apple’s commitment to expanding its manufacturing footprint in India and reducing its reliance on China amid rising geopolitical tensions.

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Three of Apple’s suppliers—Foxconn Technology Group, Pegatron Corp., and Tata Electronics—are actively assembling iPhones in southern India. Foxconn, located near Chennai, leads the charge, contributing to half of the country’s iPhone exports. Tata Electronics, which acquired its manufacturing unit from Wistron Corp. last year, exported approximately $1.7 billion worth of iPhones from its Karnataka facility.

iPhones have become a key driver of India’s smartphone exports, making up the largest export category to the US, valued at $2.88 billion in the first five months of this fiscal year. Despite this growth, Apple still holds only about 7% of the Indian smartphone market, which is largely dominated by Chinese brands. Additionally, the Indian government’s subsidies have enabled Apple to produce its premium iPhone 16 Pro models locally, further boosting its presence in the region.