Boom in ‘Made in India’ iPhones, iPhones worth Rs 65,000 crore exported from India

Apple iPhone, iPhone Made in India- India TV Hindi.

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Made in India iPhone is going to be popular in 2023.

Apple iPhone While iPhone sales in China have dropped by 30%, iPhones made in India are making waves across the world. India exports ‘Made in India’ iPhones worth Rs 65,000 crore in 2023 Apple is moving its production plant out of China amid the ongoing trade war between the US and China. As an alternative to China, India is the most suitable market for Apple. Also, Apple is benefiting from the current Modi government’s policy and Production Linked Incentive (PLI) scheme.

Production increased manifold.

Let us tell you that Apple has been manufacturing iPhones in India for the past few years. According to the report, last year Apple produced iPhones worth around Rs 1 lakh crore in India. The number of iPhones made in India in 2023 has increased manifold as compared to the last few years. About 65 thousand crores worth of iPhones have been exported from India. This price is exclusive of taxes and charges.

If this is also included, the figure could go up to Rs 1.5 lakh crore to Rs 1.7 lakh crore. However, this tax depends on dealers’ margin and commission. Apple is getting positive response in India due to central government’s Production Linked Scheme. India’s share of Apple’s supply chain was just 2 percent in 2018, rising to 6 percent in 2023. The company has registered three-fold growth in the past years.

Most Made in India iPhones in America and Europe

According to the report, India’s share of iPhones exported to America and Europe is 65%. The company currently manufactures iPhone 11, iPhone 12, iPhone 13, iPhone 14 and iPhone 15 models in India. Apple recently partnered with Tata to manufacture a new series of iPhones in India.

Also read- Is it a phone or an iron? Even after falling from the plane, the iPhone was safe, not a single scratch

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