Financial Association April 10 (Editor Zhou Ziyi) Apple's "expansion road" in India has data feedback.According to the media report on Wednesday (April 10), in India's fiscal year in 2024, Apple has assembled $ 14 billion in iPhone in the country.
The fiscal year of the Indian government usually starts from April 1 to the end of March 31 next year.
According to people familiar with the matter, Apple's current iPhone's iPhone device accounts for about one -seventh of its global output.Chennai Stock
It is worth mentioning that the latest disclosed Indian production data doubled a year ago.A report of a year ago wrote that Apple has assembled more than $ 7 billion iPhone in the country in the fiscal year in India and produces nearly 7%of the iPhone in India.
This news also means that the road of the Indian Prime Minister Modi government will be smoother.In the past few years, the Modi government has provided financial incentives to foreign companies including Apple to try to attract high -end manufacturing.
Foxconn is still the firstKanpur Wealth Management
Among the three major iPhone manufacturers in India, Foxconn is still the absolute main force.Kanpur Stock
People familiar with the matter revealed that in the year as of March 2024, nearly two -thirds of the iPhone made by India was assembled by Foxconn; He Shuo Company produced about 17%; while last year was acquired by Tata Group, Wei Chuang last yearThe company, which is located in the factory in Kanatakbon, southern India, produces the remaining iPhone.
At the same time, according to a confirmed news on Monday (April 8), He Shuo Company is negotiating with Tata Group to consider transferring the control of its only iPhone manufacturing plant to the Tata Group.It reflects Heshuo's attempt to reduce business cooperation with Apple.
The factory is located near Tamil Nadun, southern India.The negotiations between the two parties are said to be in a critical period. If the negotiations are successful, the two parties will jointly set up a joint venture to operate the factory.According to a source, Tata plans to hold at least 65%of the equity of this joint venture, and Heshuo holds the remaining shares and provides technical support. This agreement has received Apple's support.
In addition, in December last year, it was reported that Tata Group will build another iPhone assembly factory in Horusl, Tamilnad, and Harmony may become its joint venture partner.
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