India is set to take a giant leap in iPhone manufacturing. According to reports, half of all iPhone production across the globe is expected to take place in India by 2027.
A major contributor towards achieving this is iPhone giant Apple which is continuously shifting its production out of China to India, the latest trigger being the massive losses suffered by the company in China due to the Covid Pandemic and workers’ agitation in one of its units in China.
Reports reveal that India by 2025 will be manufacturing the world’s 25 percent iPhones and almost 50 percent by 2027. Apple now plans to shift itself from China primarily because of the Covid restriction issue and the recent protests of the employees. The recent violent protests in China, including those at Apple’s Zhengzhou iPhone unit, have prompted the company’s exit from the country.
Furthering its Make In India initiative, the Indian government on its part has also proposed production-linked incentives (PLIs) for iPhone manufacturers, and Apple has been inclined to take those incentives. Apple has performed well in India over the last few years.
Sales of the new iPhones, as well as special discounts on the iPhone 12 and iPhone 13 models, have helped the company increase its market share in India to its highest level ever.
Apple so far relies on China for the production of new models of iPhones. But this scenario is likely to change fast. Apple for quite some time has been looking for alternatives and India certainly suits its manufacturing requirements. It will boost the manufacturing capacity in Make in India.