Recent reports suggest that Apple Inc. is set to embark on a significant expansion of its iPhone manufacturing operations in India. This move is part of Apple’s strategy to diversify its supply chain and reduce reliance on China.
According to the Wall Street Journal, Apple intends to produce over 50 million iPhones annually in India, accounting for approximately 25% of the company’s global iPhone production. To achieve this, Apple will collaborate with its suppliers based in India.
Foxconn, one of Apple’s key manufacturing partners, is currently building a plant in southern India, which is expected to commence operations in April. Over the next two to three years, the plant aims to manufacture 20 million iPhones and other devices every year. Additionally, Foxconn plans to establish a second facility of similar size in India.
In a separate development, Indian conglomerate Tata Group is also entering the picture by constructing an extensive Apple manufacturing plant in India. This facility will consist of about 20 assembly lines, accommodating around 50,000 workers. The plant is scheduled to become operational within the next 12 to 18 months.
This aggressive expansion in India demonstrates Apple’s commitment to tapping into the immense potential of the Indian market. With India being the world’s second-largest smartphone market after China, Apple aims to capture a larger market share by making its devices more accessible to Indian consumers.
In recent years, Apple has already begun manufacturing certain iPhone models in India. Moreover, just last year, Apple made an announcement stating its plans to manufacture the iPhone 14 devices exclusively in India instead of China.
By expanding its manufacturing capabilities in India, Apple can not only optimize its supply chain efficiency but also cater to the growing demand for iPhones in one of the world’s most significant mobile markets.