New Delhi Wealth Management：Foxconn expands its capacity, Apple plans to move the 1／4 of the world's iPhone production capacity to India

Apple invests in Indian capacity.

According to relevant sources, Apple hopes to produce more than 50 million iPhones in India each year in the next 2 to 3 years. Since then, it also plans to produce tens of millions of units.

The media pointed out that if the plan is realized, India will account for a quarter of the global iPhone output and occupy more shares at the end of this century.

Apple's production target has also received its largest product supplier Foxconn.

Last Monday (November 27), Foxconn announced that it would invest more than $ 1.5 billion in India for a construction project.People familiar with the matter said that the investment will include products for Apple.

According to people familiar with the matter, Foxconn will open a new factory in Kanatakbon (considered to be India's science and technology center) next April, and plans to produce 20 million smartphones per year within 2-3 years. Among themPart is the iPhone.According to officials who directly participated in the plan, Foxconn's investment in the city may reach about $ 2.7 billion with other projects.

It is reported that the launch of iPhone 15 this year is an important milestone in the Apple Indian manufacturing plan, because this is the first time that the latest iPhone has shipped the world from India and Indian factories at the same time.

India may produce more than 50 million iPhones per year

In recent years, Apple has been trying to transfer some of the supply chain to Southeast Asia and South Asia.

Because Apple is facing the challenges of unstable infrastructure in infrastructure, restrictive labor rules, and large influence of trade unions, it has gradually increased its dependence on the Indian supply chain.

Relevant sources of supply chain told the media that suppliers led by Apple and Foxconn generally believe that the preliminary progress of entering India is going smoothly and is laying the foundation for greater expansion.New Delhi Wealth Management

In addition to expanding production, the media said that Apple also plans to use India as a low -end iPhone production base in 2025.This means that the Apple team will cooperate with Indian contractors to transform the product blueprint and prototype into detailed manufacturing plans.

Coupled with the existing Foxconn plant near Qinnai (India) and another factory that has just been acquired by the Indian consortium Tata, the total production capacity of the Indian plant can reach 50 million-60 million units per year within two years.iphone.

What are the characteristics of the Indian supply chain?The supply chain executive told the media that the current hourly salary of India is significantly lower than other countries.To.

In addition, the Indian local market is also full of potential.This year, Apple opened the first retail store in India. Although the local price is higher than US $ 700, according to the Techinsights analyst in India ABhilash Kumar, the top -equipped iPhone 15 Pro Max sales are also called in India."Not bad".

Tata, Foxconn, TDK ... Suppliers have joined one after another

Establishing a core supplier network is the key to transferring the supply chain.

In this regard, Apple has made progress in India.In addition to the largest supplier Foxconn, it is reported that Japanese battery manufacturer TDK will also build a new factory in Ana Bang, India.

In October of this year, the Indian consortium Tata agreed to acquire the factory of Weisong, India, India, and became the first Indian company to produce iPhone.In addition, media sources said that Tata also cooperated with Apple to open 100 Apple stores in India.

Rajeev Chandrasekhar, Chief Minister of Information Technology, said:

However, vigorously entering India does not mean that Apple suppliers will withdraw from India.According to data from the research company's Counterpoint, as of last year, India continued to account for more than half of the iPhone output, and it was still Apple's largest supply country.

According to media data, nearly half of Apple's 190 suppliers are Indian companies, of which nearly 160 companies produce components in India.New Delhi Investment

Foxconn Chairman Liu Yang also said in November last year that India will continue to account for the largest share of Foxconn capital next year.