Apple has set a new benchmark in India’s manufacturing landscape, with iPhone exports surpassing Rs 1 trillion in FY25. This is the first time Apple has hit this milestone in a single financial year, solidifying India’s position as a key global manufacturing hub.
iPhone Exports Surge – Key Numbers
Between April 2024 and January 2025, Apple’s exports witnessed a 31% year-on-year growth, touching Rs 76,000 crore. The momentum was further boosted by record-breaking exports worth Rs 19,000 crore in January 2025, exceeding the previous high of Rs 14,000 crore in December 2024.
What’s Driving This Growth?
Apple’s rapid export expansion is fueled by:
✅ Strong partnerships – Foxconn, Tata Electronics, and Pegatron assembling iPhones in India.
✅ Production-Linked Incentive (PLI) scheme, making local manufacturing more competitive.
✅ Diversification from China, strengthening India’s role in Apple’s global supply chain.
✅ The iPhone 16 launch, which led to a surge in production from October 2024 onwards.
India’s Growing Value Addition
The value addition in iPhone manufacturing has significantly improved from 5-6% in 2020 to 15-18% in 2025, with some models achieving even higher local contribution. This indicates stronger domestic capabilities in smartphone production, reducing reliance on imports.
A Game-Changer For India’s Export Economy
With Apple leading the way, smartphones have now entered India’s top 10 export categories, reshaping the country’s export landscape. As India continues to attract global tech giants, this milestone could pave the way for further expansion in high-value electronics manufacturing.
