Tech giant, Apple, has ramped up its iPhone production in India, assembling approximately $14 billion worth of iPhones in fiscal year 2024, according to a Bloomberg News report, as the tech giant seeks to diversify its supply chain and reduce reliance on China.
The report indicates that Apple now manufactures approximately 14% of its flagship devices in India, translating to roughly 1 in 7 iPhones being made in India. Key manufacturing partners contributing to this effort include Foxconn and Pegatron Corp, with Foxconn assembling nearly 67% of the India-made iPhones and Pegatron accounting for about 17%. Additionally, Wistron Corp’s plant in Karnataka, managed by the Tata Group since last year, handled the remaining production.
Apple’s decision to expand its manufacturing operations in India comes amid growing geopolitical tensions between Beijing and Washington, prompting the tech giant to seek alternative production hubs. While China remains the largest iPhone manufacturing centre globally, Apple is actively seeking to lessen risks associated with geopolitical uncertainties.
In a related development, Reuters reported that Pegatron is in advanced discussions to transfer control of its sole iPhone manufacturing facility in Tamil Nadu to the Tata Group. Moreover, the Tata Group is slated to construct another manufacturing facility in Hosur, Tamil Nadu, with Pegatron likely to participate as a joint venture partner.
Apple has yet to comment on the Bloomberg report.
