Overview

• India produced 23.9 million iPhones in the first half of 2025, marking a 53% year-on-year increase and setting a new half-year production record.
• Exports from India rose 52% year-on-year to 22.88 million units, equivalent to $22.56 billion in value.
• The United States absorbed 78% of India-made iPhone exports in H1 2025, up from 53% a year earlier.
• Foxconn accounted for over half of India’s export volume while Tata Electronics manufactured nearly 40% of the units shipped.
• President Trump’s 25% tariff threat on non-US-made imports and reports of Chinese engineers exiting Foxconn’s India operations introduce near-term operational risks.