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Apple iPhone Exports From India Jump 75% to $10 Billion in H1 FY26

Fresh Tata and Foxconn capacity under India’s PLI policy fueled the surge, with a large share of output bound for the US.

Overview

  • Industry estimates place India’s total smartphone exports at $13.4 billion for April–September, up 59% year over year, with iPhones contributing more than three quarters.
  • Outbound iPhone shipments in September were reported at $1.25 billion, while overall smartphone exports reached a monthly record of about $1.7 billion.
  • The US took 52.3% of India’s smartphone exports in September, including roughly $900 million in shipments, reflecting a sharp rise in US-bound volumes.
  • Two new assembly lines at Tata Electronics in Hosur and Foxconn in Bengaluru expanded Apple’s local network to five factories and enabled launch-time production of the iPhone 17.
  • Officials and industry data highlight the PLI scheme’s role in the ramp, with Apple’s eligibility window ending in March 2026 and USChina trade decisions flagged as key uncertainties.