Apple supplier Foxconn will invest 1.5 billion rupees in its India unit, the company said in a filing, as the iPhone manufacturer transferred more manufacturing from Tariff-Hit China.
According to the London Stock Exchange Filing, Foxconn -based subsidiary will buy 127.77 billion shares of Rs 127.74 billion ($ 1.50 billion) at India -based Sungapur -based Munjan Technology India.
Yuzan Technology India, a unit of Foxconn in Tamil Nadu, forms electronic components and also collects Apple’s iPhones.
Last month Reuters reported that Apple is creating India’s position as an alternative manufacturing basis between US President Donald Trump’s tariff on China, which has raised the possibility of the supplies chain concerns and high iPhone prices.
In March, Apple increased India’s production, exporting about 600 tonnes of iPhones in the US (about Rs 17,103 crore).
© Thomson Reuters 2025
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