Overview

• Apple plans to relocate assembly of all iPhones sold in the U.S. from China to India by the end of 2026, a move to diversify its supply chain and reduce tariff exposure.
• India currently manufactures about 20% of global iPhones, with production valued at $22 billion last fiscal year, marking a 60% year-on-year increase.
• Foxconn and Tata Electronics are key partners in India's iPhone production, with both companies expanding capacity through new facilities.
• The shift follows years of U.S.-China trade tensions, including steep tariffs imposed since 2018, which have pressured Apple to reduce reliance on Chinese manufacturing.
• U.S. Vice President J.D. Vance highlighted 'good progress' in ongoing U.S.-India tariff negotiations, emphasizing India's growing role as a strategic trade partner.