According to the latest export data, Apple became the first Indian company to surpass the $1 billion (currently around 6.78 billion CNY, Rs 81 billion) smartphone export milestone in a single month in December last year, and the company just overtook Samsung as India’s largest smartphone exporter in November last year.
Meanwhile, India’s total electronics exports reached US$16.69 billion in December, up 51.56% from US$10.99 billion in the same month last year.
According to the report, the rise in the value of Apple’s exports in India has coincided with the growth in exports of made-in-India electronics, with Indian factories growing by more than 51 percent year-on-year in the last three quarters of 2022.
Apple currently has three major foundries in India – Foxconn, PEGATRON and Wistron – that currently manufacture devices such as the iPhone 12, iPhone 13, iPhone 14 and iPhone 14 Plus in India. In addition, Apple has a number of smaller OEMs that also export iPhones from India.
Foxconn and PEGATRON’s Indian factories are located in Tamil Nadu, while Wistron has a branch in Karnataka. According to ET News, these companies will contribute to India’s goal of $9 billion in phone exports by 2023.