The American corporation Apple plans to produce more than 50 million iPhones in India annually in the next two to three years, the Wall Street Journal writes, citing sources.
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“Apple and its suppliers plan to produce more than 50 million iPhones in India annually over the next two to three years, with plans to produce tens of millions more units after that,” the newspaper said, citing sources.
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If the plans go ahead, India will account for a quarter of global iPhone production and that share will increase by the end of the decade, the sources said.
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The Foxconn plant being built in the southern state of Karnataka is expected to start operating in April and produce 20 million mobile phones annually, mostly iPhones, over the next two to three years.
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Sources said Apple has also chosen India as its site for the production phase of the budget iPhones that will be sold in 2025.
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In addition, according to Bloomberg, the Indian conglomerate Tata Group plans to build one of the country’s largest iPhone assembly plants in southern India.
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Over the past few years, Apple has stepped up its operations in India and has become the largest exporter of mobile phones from the country.
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Taiwanese company Foxconn Technology Group, the largest contract electronics manufacturer and iPhone assembler, began production of the iPhone 15 at a plant in the Indian state of Tamil Nadu. There are two variants of the phone being manufactured in India – iPhone 15 and iPhone 15 Plus.
