Apple has significantly increased its iPhone production in India, assembling a whopping $14 billion worth of iPhones in fiscal 2024, reported Bloomberg News.
The report indicates that Apple now manufactures approximately 14% of its flagship devices in India, which translates to about 1 in 7 iPhones, citing sources familiar with the matter.
Foxconn and Pegatron, two major Taiwanese manufacturers, have played significant roles in boosting Apple's production output in India. Foxconn assembled nearly 67% of the India-made iPhones, while Pegatron Corp contributed about 17%, reported Bloomberg.
The remaining portion of the India-made iPhones was produced at Wistron Corp's plant in Karnataka which was taken over by the Tata Group last year.
Apple has not commented on the Bloomberg report.
Apple's move to ramp up iPhone production in India comes as the tech giant seeks to diversify its supply chain beyond China amidst escalating geopolitical tensions between Beijing and Washington.
Although China remains the largest hub for iPhone manufacturing globally, Apple is strategically expanding its manufacturing footprint to reduce reliance on a single location.
In a recent development reported by news agency Reuters, Pegatron is reportedly in advanced discussions to transfer control of its only iPhone manufacturing facility, located near Chennai in Tamil Nadu, to the Tata Group.
Additionally, the Tata Group is constructing another plant in Hosur, Tamil Nadu, where Pegatron is expected to become its joint venture partner.
Source: India Today