Apple has significantly increased its iPhone production in India, assembling iPhones worth an impressive $14 billion by fiscal year 2024, according to Bloomberg News. The report indicates that Apple now manufactures about 14% of its flagship devices in India, which equates to about 1 in 7 iPhones, according to sources with knowledge of the business.
The two major Taiwanese manufacturers, Foxconn and Pegatron, have played an important role in increasing Apple's manufacturing output in India. Foxconn assembled nearly 67% of India-made iPhones, while Pegatron Corp contributed about 17%, according to Bloomberg. The rest of the India-made iPhones were produced at Wistron Corp's Karnataka facility, which was taken over by the Tata Group last year.
Apple's push to increase iPhone production in India comes as the tech giant seeks to diversify its supply chain beyond China amid growing geopolitical tensions between Beijing and Washington. Although China remains the largest hub in the world for iPhone production, Apple is strategically expanding its manufacturing base to reduce dependence on a single location.
In a recent development, reported by news agency Reuters, Pegatron is reportedly in advanced discussions to transfer control of its sole iPhone manufacturing facility, located near Chennai in Tamil Nadu, to the Tata Group. In addition, the Tata Group is constructing another plant in Hosur, Tamil Nadu, where Pegatron is expected to become a joint venture partner.