Overview

• Foxconn has finalized a $1.48 billion investment in its Tamil Nadu unit through its Singapore arm, boosting iPhone production in India.
• Apple plans to source the majority of iPhones sold in the US from India during the June quarter, reflecting a major supply chain shift.
• Foxconn’s Bengaluru facility is set to begin commercial iPhone shipments in June, marking a key milestone in India’s manufacturing expansion.
• Tata Electronics has started assembling iPhone 16 and 16e models at its Hosur facility, further diversifying Apple's supplier base in India.
• The Indian government is pushing Apple to increase local value addition in iPhone manufacturing to 40%, leveraging new electronics incentives.