New Delhi: Technology giant Apple plans to increase its production in India to $40 billion (about Rs 3.36 lakh crore) by the end of FY26. The technology giant is shifting production to India at a time when relations between China and the US are growing due to trade tariffs and geopolitical tensions.
According to industry estimates, this move will enable Apple to meet 80 percent of the iPhone demand generated in the US and at the same time meet India’s growing domestic demand. Recently, Apple CEO Tim Cook had said that most of the phones sold in the US in the April-June period will be made in India.
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Apple is focusing on selling iPhones made in India in the US. The reason for this is the imposition of a large amount of reciprocal tariff on China by the US government.
China will remain the main source of most Apple products sold outside the US. At the same time, India and Vietnam are emerging as major manufacturing centers. For example, Cook said that almost all iPads, Macs, Apple Watches and AirPods sold in the US will now come from Vietnam. Apple expects a $900 million impact from US tariffs in the current quarter, although the long-term effects are still uncertain. Cook said that we are not able to accurately estimate the impact of tariffs, as we are uncertain about possible future actions. Smartphones have been India’s top export category in FY25 and have exported more than Rs 2 lakh crore. The company said that recently it has set a record quarterly sales in the Indian market.
