PLI Booster: Apple iPhones Hit Report Exports Of Rs 1 Lakh Cr In 10 Months This Fiscal | Know-how Information
New Delhi: Driving on the federal government’s production-linked incentive (PLI) scheme, Apple has reached all-time excessive iPhone export figures from India at Rs 1 lakh crore for the ten months (April-January) within the present monetary 12 months (FY25).
Based on trade information, within the month of January, the iPhone exports reached round Rs 19,000 crore, an all-time excessive. The general iPhone exports from the nation grew greater than 30 per cent within the 10 months this fiscal (April-January 2025) in comparison with the identical interval final fiscal (Rs 76,000 crore).
“One other file efficiency underneath PLI scheme. PLI propels iPhone exports previous Rs 1 lakh crore in simply 10 months of FY25,” Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, posted on X social media platform on Monday.
“Total smartphones anticipated to cross Rs 2.25 lakh crore in FY25,” the union minister knowledgeable. Greater than 325 to 330 million cell phones a 12 months are being manufactured in India and on common there are a couple of billion cell phones in use in India.
India is a large marketplace for Apple and “now we have achieved a December quarter progress file the place the iPhone was the highest promoting mannequin within the nation for the October-December interval of 2024,” Apple CEO Tim Cook dinner stated final month.
He additional acknowledged that the iPhone was the highest promoting mannequin in India for the December quarter. Notably, iPhones registered 7 per cent India smartphone market share in 2024, rising on strong native manufacturing and rising premiumisation pattern in smaller cities.
On year-on-year foundation, iPhones registered 23 per cent progress and iPads a powerful 44 per cent progress within the nation, based on information shared by CyberMedia Analysis (CMR).
Within the October-December quarter (This fall) of 2024, Apple, with its aspirational picture and rising footprint, entered the highest 5 smartphone gamers in India for the primary time, garnering almost 10 per cent market share by quantity. Apple’s India shipments had been set to cross 11 million marks in 2024.
