Schedule a Call Back
Apple's 'Make in India' triumph, exceeds Rs 600 bn iPhone assembly target in FY24 Q1
Industry News- Dec 14,23
The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.
In a notable "Make in India" achievement, Apple Inc has successfully assembled iPhones with a Freight-On-Board (FOB) value exceeding Rs 600 billion during the initial seven months of the 2023-24 fiscal year. This accomplishment represents 81% of the cumulative target of Rs 740 billion set for the fiscal year, as mandated by the production-linked incentive (PLI) scheme for mobile devices. Impressively, 70% of this total stems from the exportation of iPhones manufactured in India. The data is sourced from reports submitted by the three key vendors—Foxconn, Pegatron, and the recently acquired Wistron by the Tatas—to both the central and state governments.
Source: Business Standard
Related Stories
Auto & Auto Components
Tata Motors sets record with highest patent filings in FY25
Tata Motors filed 81 copyright applications and secured 68 patent grants during the year, bringing its total granted patents to 918.
Read moreMachine Tools & Accessories
China slowdown opens $25 billion tools export opportunity for India: Niti Aayog
India currently exports around $600 million in hand tools and $425 million in power tools, a fraction of the global market which was valued at $100 billion in 2022 and is projected to reach $190 bil..
Read moreAuto & Auto Components
Mercedes-Benz rolls out 200,000th 'Made in India' car
The entire facility has been powered by 100% green energy since 2022, aligning with Mercedes-Benz’s global sustainability goals.
Read moreRelated Products
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
