Apple’s contract manufacturers, including Foxconn, Pegatron, and Wistron (Tata Group), produced iPhones worth Rs 1.20 trillion in India during FY 2024.
iPhone exports from India were valued at Rs 85,000 crore, reflecting India’s growing role in Apple’s global production.
The freight on board (FOB) value shows the price at the factory, with retail prices typically 60% higher.
The made-in-India iPhone 16 will be available in multiple countries within days of its launch on September 10, 2024.
Apple leads mobile phone exports from India and is a key participant in the government’s PLI scheme to boost local manufacturing and exports.