India’s iPhone production reached a freight-on-board FoB value of $10 billion approximately Rs. 84,000 crore between April and October of FY25, according to IT Minister Ashwini Vaishnaw, who cited a Business Insider report. This marks a 37 percent growth compared to the same period in FY24, driven by the government’s production-linked incentive PLI scheme. A significant portion of the iPhones produced was exported to international markets, while a smaller share catered to domestic demand for Apple’s devices.
iPhone production grows in India
In a post on X formerly Twitter, IT Minister Ashwini Vaishnaw referenced a report highlighting Apple’s growing production in India. The Cupertino-based tech giant’s $10 billion Rs. 84,000 crore FoB production is estimated to generate a value of $15 billion when factoring in sales, distribution, marketing, logistics, and margins.
Record-breaking numbers in October
iPhone exports reached a total value of approximately $7 billion around Rs. 59,000 crore. The report highlighted October as a standout month in FY25, with production hitting $2 billion around Rs. 16,000 crore in just one month—a significant milestone for Apple in India.
Key players driving growth
The government’s PLI Scheme is credited with significantly boosting Apple’s growth in India. Data submitted by participating firms indicates that Foxconn has emerged as Apple’s leading iPhone manufacturer in the country, contributing 56 percent of the company’s total production capacity. Tata Group, following its acquisition of the Wistron plant, accounts for 30 percent, while Pegatron, a Taiwanese firm, makes up 14 percent. This expansion has also led to the creation of 175,000 jobs in India over the past four years, with women filling over 72 percent of these positions.
Indrani Priyadarshini is a journalist and editorial professional specialising in technology, artificial intelligence, smart cities, green energy, and digital transformation. With over four years of experience in tech journalism and digital media, she is known for turning complex industry developments into clear, engaging, and insightful stories. Her expertise spans reporting, editorial strategy, digital publishing workflows, and in-depth coverage of emerging technologies shaping the future. She has also conducted high-profile interviews and podcasts with industry leaders, bringing sharp analysis and accessible storytelling to a wide audience.
