Apple exported iPhones worth over INR 1.5 Lakh Cr ($17.32 Bn) from India in FY25, marking a 76% YoY jump and doubling its committed target under the PLI scheme.
In the calendar year 2024, Apple's iPhone exports from India reached a record $12.8 Bn (around INR 1.08 Lakh Cr).
FY25 witnessed the highest ever INR 2 Lakh Cr smartphone exports, translating to a 54% increase from the previous fiscal year.
India is projected to contribute 17-18% of global iPhone production volume and 14% of its value by the end of the fiscal year.