
Apple’s iPhone suppliers in India have reportedly crossed the 20% domestic value addition (DVA) mark across variants.
Apple’s contract manufacturers include Foxconn, Tata Electronics, Dixon, Pegatron and Wistron (acquired by Tata Electronics), among others.
A Business Standard report, citing official government documents, the domestic value addition assumes significance as Apple exported 76% more iPhones worth INR 1.50 Lakh Cr (free on board value) from India in FY25, compared to a year ago.
Meanwhile, the tech giant has been in discussions with Murugappa Group and Titan to source iPhone’s camera modules, while it was also in talks with Dixon to extend the iPhone assembly line further.
This also comes days after reports surfaced that Taiwanese electronics manufacturer Foxconn exported iPhones worth $3.2 Bn from India, with an average of 97% gadgets shipped to the US, compared to a 2024 average of 50.3%.
Meanwhile, the Cupertino-based company has partnered with in India, signifying India’s growing importance in the tech giant’s global strategy.
Reports then said, Tata would take over after-sales repair operations from Wistron’s Indian subsidiary, ICT Service Management Solutions.
(The story will be updated soon.)
The post appeared first on .
-
Did you forget to pay the RD installment? So the bank is cheating you of your hard-earned money, know the complete A to Z to avoid a penalty
-
Post Office is not for sending letters... now it is for making money, investment in these 5 schemes will make you 'rich'
-
People often do not pay attention to these 6 things while taking a personal loan, later they have to bear the brunt.
-
Is the burden of many loans on your head? Snowball and Avalanche Method will get you rid of them quickly, know what it is
-
If you have FD in SBI, pay attention, has the bank reduced your earnings by reducing the interest? Know how much return you will get in 5 years now.