India-made iPhones cross $50 billion in exports under PLI scheme |
New Delhi: Apple’s India story has quietly crossed a massive number. By December 2025, iPhones worth nearly ₹4.15 lakh crore have been shipped out of the country, marking a major moment for India’s electronics manufacturing push. The figure comes from data accessed by Economic Times and reflects the scale Apple has reached after joining the smartphone production linked incentive scheme.
What stands out is the speed. Apple entered the PLI programme only in FY22. In just a few years, iPhones have gone from being a niche export to becoming India’s top export category. For many people working around phone factories in Tamil Nadu and Karnataka, this shift feels very real. Bus stops are fuller at odd hours. Cafes near plants stay open longer. Something has clearly changed.
Data seen by Economic Times shows Apple vendors exported iPhones worth $50 billion till December 2025. At current exchange rates, that works out to around ₹4.15 lakh crore. There are still three months left in the five-year PLI window, so the number is expected to rise further.
An official quoted in the report said, “In the first nine months of FY26 alone, Apple has already exported nearly $16 billion, taking........