Apple to dial up India output to $28 bn

Buoyed up by strong growth in exports during the first half (H1) of this financial year, Apple Inc, based on discussions with the government, is aiming for a production free-on-board value of $28 billion in India — including both exports and domestic sales — for 2025-26 (FY26).

- SURAJEET DAS GUPTA

This figure represents a 21.7 per cent increase in overall production value in what will be the final year of the production-linked incentive scheme for mobile phones, compared with $23 billion in the previous year.

However, most of this increase will come from exports, which are expected to reach $22 billion, up 27.7 per cent from $18 billion last year. Apple is expected to capitalise on its peak export season — the October-December quarter — when shipments from India usually peak.