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Apple is set to start manufacturing its iPhone 16 Pro models
in India, marking a significant shift as the company expands its local
production capabilities. Production of these flagship models is expected to
begin within this fiscal year, with Foxconn handling the manufacturing process.
Until now, Apple’s local production in India has primarily
focused on non-Pro models. According to a source, the decision to produce the
iPhone 16 Pro locally aims to increase the availability of these high-end
models in the Indian market. Despite this move, it is anticipated that the
prices of the India-assembled iPhone 16 Pro models will remain comparable to
those of imported units.
Last year, Apple made iPhone 15 units assembled in India
available to Indian consumers on the first day of global sales. This year, the
company plans a similar strategy for the iPhone 16 series, although initial
availability may see the Pro and Pro Max models imported until local production
ramps up.
Foxconn’s facility in Sriperumbudur, Tamil Nadu, will begin
the 'new product introduction' process for the iPhone 16 Pro; transitioning to
mass production once the new phone is officially launched. Initially, the
iPhone 16 Pro models will likely be imported, but India-made units are expected
to become available later in the fiscal year, following the precedent set with
the iPhone 15 Plus.
Apple currently holds a 6% share of the Indian smartphone
market and accounted for 23% of the market’s revenue in 2023, surpassing
Samsung. The company shipped over 10 million iPhones in India in 2023, up from
6 million in 2022. With high demand anticipated for the iPhone 16 series, Apple
plans to produce 90 million units of the iPhone 16 for 2024, marking a 10% increase
from the iPhone 15 series.
In India, Apple has significantly ramped up production
through partnerships with Foxconn and Tata Electronics. Tata, having acquired
Wistron’s operations, is also taking over Pegatron's Indian operations,
including an iPhone manufacturing plant near Chennai. Apple aims to increase
its India production share to 25% of all iPhones over the next 3-4 years, up
from the current 14%. Additionally, Apple is considering resuming iPad
manufacturing in India and plans to start AirPods production in the country
early next year.
(Source: Moneycontrol & BusinessLine)
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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