India is set to emerge as a major hub for iPhone manufacturing<\/a> as US smartphone giant Apple<\/a> looks to diversify production units outside China. Industry executives and analysts expect the percentage of locally made iPhones to rise to over a fifth of total output in value in the next three to four years, from the current 5% level.
According to industry executives and analysts, manufacturing in India for the Cupertino-based major is set to rise sharply as the company's three contract manufacturers - Foxconn<\/a>, Pegatron and Wistron - ramp up production and subsequently exports, driven by the government's Rs 41,000-crore production linked incentive (PLI) scheme.
Apple<\/a> has been gradually working towards moving a larger pie of iPhone manufacturing<\/a> to India amid geopolitical tensions between China and the US. The company is said to have accelerated its plans to make the shift from China after Covid-induced lockdowns disrupted production at Foxconn<\/a> facilities in the country.
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Foxconn's plant in Zhengzhou, China is the largest manufacturing unit for iPhones in the world.
Apple didn't respond to ET's emailed queries.
Last month, noted Apple analyst Ming-Chi Kuo in a tweet said Foxconn would accelerate the expansion of capacity at its India plant. \"As a result, iPhones made by Foxconn in India will grow by at least 150% on-year in 2023, and the medium\/long-term goal is to ship 40-45% of iPhones from India (versus the current 2-4%),\" Kuo said. ET had reported Kuo's estimates in its November 5 edition.