[1/2] Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023.
While all manufacturers including Samsung (005930.KS) have agreed to India's plan, Apple is pushing back.
Apple, whose India lobbying efforts are being reported for the first time, and India's IT ministry, did not respond to Reuters requests for comment.
Renowned Apple analyst Ming-Chi Kuo has estimated 12-14% of iPhone production in 2023 will be from India, with the number set to rise to as much as 25% next year.
In terms of market share, Apple accounts for 6% of India's booming smartphone market, compared with just about 2% four years ago.
Persons:
Francis Mascarenhas, Apple, Narendra Modi, Ming, Chi Kuo, Prabhu Ram, Aditya Kalra, Susan Fenton
Organizations:
Apple, REUTERS, DELHI, European Union, Samsung, India's, Reuters, IT, Research, Indian, Consumers, Industry Intelligence, CyberMedia, Thomson
Locations:
Mumbai, India, New Delhi, U.S, KS, EU, PLI, China