Taiwanese tech giant Foxconn has invested USD 31.8 million (approx. Rs 267 crore) in new equipment for its Tamil Nadu plant, aiming to start production of Apple’s iPhone 16 Pro Series in India, as reported by regulatory filings and industry sources.
This marks the first instance where Apple’s high-end Pro series iPhones will be manufactured outside of China. Foxconn’s filing states, “Subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited announces obtaining of machinery equipment” valued at “USD 31,804,528.45” from “APPLE OPERATIONS LIMITED.”
According to sources, this investment is intended to expand capacity at the Tamil Nadu facility for iPhone 16 Pro production. Earlier this month, Apple announced its plans to launch the first-ever “made in India” iPhone 16 Pro and iPhone 16 Pro Max models soon.
Shipments are expected to begin by the end of this month or early November. Apple launched the iPhone 16 series in India on September 20, with a notable price drop on the Pro models, thanks to the recent budget’s import duty reduction.
The iPhone 16 Pro starts at Rs 1,19,900, and the iPhone 16 Pro Max starts at Rs 1,44,900, a reduction from the iPhone 15 Pro series’ launch prices of Rs 1,34,900 and Rs 1,59,900, respectively. The iPhone 16 Pro and iPhone 16 Pro Max are available in 128GB, 256GB, 512GB, and 1TB options, featuring the series’ largest displays yet, at 6.3 and 6.9 inches.
Prices for the assembled-in-India iPhone 16 and iPhone 16 Plus remain unchanged, with the iPhone 16 starting at Rs 79,900 and the iPhone 16 Plus at Rs 89,900. Both models are available in storage options of 128GB, 256GB, and 512GB.
Foxconn, officially known as Hon Hai Precision Industry Co., Ltd., is a Taiwanese multinational electronics contract manufacturer and one of the largest in the world. Established in 1974 by Terry Gou, Foxconn is renowned for assembling a wide range of consumer electronics, including major brands like Apple’s iPhone, as well as devices for companies such as Sony, Dell, and Microsoft.
The company operates a vast global network of manufacturing facilities, particularly in China, where it employs hundreds of thousands of workers. Foxconn plays a pivotal role in the global electronics supply chain, offering services that range from design and manufacturing to logistics and after-sales support.
In recent years, the company has also expanded into emerging sectors like electric vehicles, artificial intelligence, and robotics. With a strong focus on innovation, efficiency, and scale, Foxconn is a key player in the advancement of modern electronics and technology manufacturing globally.
