**Foxconn’s Revenue in India Surges to Over $20 Billion Amid iPhone Production Boom**
Taiwanese electronics giant Foxconn has reportedly more than doubled its revenue in India, surpassing $20 billion (approximately ₹1.7 lakh crore) for the financial year 2024-25, driven by a significant increase in iPhone production. Sources familiar with the situation indicate that the company has also expanded its workforce in India by over 65%, bringing the total number of employees to around 80,000 in fiscal year 2025.
According to industry insiders, Foxconn’s revenue growth is closely linked to the rising demand for iPhones, with the company poised for further expansion as it considers manufacturing all iPhones intended for the U.S. market. As the largest iPhone manufacturer, Foxconn is currently establishing its second-largest facility outside of China in Devanahalli, near Bangalore, with an investment of $2.8 billion (around ₹25,000 crore). This new facility is expected to generate over 40,000 jobs.
In addition to its Bangalore operations, Foxconn is in discussions with the Uttar Pradesh government to set up an electronics manufacturing unit on a 300-acre site. The company has also commenced production of AirPods at its Hyderabad facility, backed by an investment of $400 million (approximately ₹3,325 crore). Furthermore, Foxconn is collaborating with HCL to create a semiconductor joint venture named Vama Sundari, which will initially invest ₹3,706 crore in establishing an outsourced semiconductor assembly and test (OSAT) facility, aiming to create around 4,000 jobs.
The Indian mobile phone export sector has seen remarkable growth, with Union Minister Ashwini Vaishnaw announcing that exports have reached an all-time high of ₹2 lakh crore in FY 2024-25, with iPhone exports alone contributing ₹1.5 lakh crore. As Foxconn continues to expand its operations in India, the company is expected to play a pivotal role in the country’s electronics manufacturing landscape.
**FAQ**
*What is Foxconn’s current revenue in India?*
Foxconn’s revenue in India has exceeded $20 billion for the financial year 2024-25, primarily due to increased iPhone production.