Apple plans to produce Rs 25,000 crore worth of iPhones in India under the PLI scheme until FY23

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Anish Kocherla

According to a Business Standard report, Apple iPhone production should hit Rs 25,000 crore in FY23 under the Government’s Production Linked Incentive Scheme (PLI). Referring to the company’s suppliers’ commitment to minimum incremental production, the report states that suppliers have committed to increase mobile device production by Rs 25,000 crore in fiscal year 23 starting April 1st. The three-fold jump in FY 2022 minimum incremental production commitments is due to Apple’s third contract manufacturer Pegatron, which is starting production this FY for the first time.

Pegatron will be Apple’s third contract manufacturer after Foxconn and Wistron. The new manufacturer pledged to produce goods worth at least Rs 7,258 crore. Pegatron will initially release iPhone 12 devices, followed by the iPhone 13 series from a new manufacturing facility in Tamil Nadu. Nearly 6,000 people are expected to be employed in FY 22-23. With new manufacturers and iPhone 13 production coming soon in the country, Apple’s iPhone production under the PLI scheme is expected to reach Rs 25,000 from April 1st.

Recently, a report in Business Standard itself said that Apple is soon going to start making the iPhone 13 in India. The report stated that Apple will be manufacturing the iPhone 13 in India from April. While iPhone 13 being manufactured/assembled in India does not mean that the iPhone 13 prices will come down anytime soon for buyers.

Local production of the Apple iPhone began many years ago with the iPhone 6 series, but nonetheless, Apple did not see any price changes made to the iPhone model. The list of locally produced iPhones also includes the new iPhone 11 and iPhone 12. Aside from Foxconn, Apple has also relied on Wistron, Foxlink, Flex Limited and a few other suppliers in India for its local manufacturing build-up. 

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