Amid Rising Sales, Apple To Open 4 New Retail Stores In India
by Akshit Pushkarna · Inc42SUMMARY
- The iPhone maker is planning to set up four new stores in Bengaluru, Pune, Delhi NCR, and Mumba
- Apple has also said that it has now started the production of the complete range of its latest iPhone16 in India
- The company also plans to increase its workforce in the country from its current 3,000 employees
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In a bid to further strengthen its presence in the Indian market, tech giant Apple has reportedly unveiled plans to open four more retail stores in the country.
According to a report by Moneycontrol, the iPhone maker is planning to set up the new stores in Bengaluru, Pune, Delhi NCR, and Mumbai.
The timeline for this expansion is yet to be discerned. As of now, Apple operates two retail stores in India – one in Delhi’s Saket and the other in Mumbai’s BKC.
“We’re thrilled to build our teams as we plan to open more stores in India because we’re inspired by the creativity and passion of our customers across this country. We can’t wait for them to have even more opportunities to discover and shop for our amazing products and services and connect with our extraordinary, knowledgeable team members,” the publication quoted Apple’s senior VP of retail Deirdre O’Brien as saying.
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Further, the company has also reportedly started the production of the complete range of its latest iPhone16 in India. The tech major launched iPhone 16 last month.
The company also plans to increase its workforce in the country from its current 3,000 employees. Earlier in August, reports said that Apple’s India ecosystem could potentially employ 6 Lakh workers by the end of the current fiscal year (FY25) directly.
The development came about a month after it was reported that Tata Electronics is set to launch its second iPhone assembly unit in India. The factory, which will see Tata Electronics commit an INR 6,000 Cr, is expected to be set up in Hosur district in Tamil Nadu.
The company’s shift of operations to India have seen it establish a significant supply chain in the country. As of now, 1 in 7 iPhones are manufactured in India and Apple is also domestically sourcing components for the phones. Apple aims to manufacture 25% of all its iPhones in India over the next 3-4 years, up from the current 14%.
Apple’s India focus seems to be paying off as the company has realised tremendous gains from its investment in the country. For the June quarter, Apple CEO Tim Cook said that the company set a revenue record in the country. According to reports, Apple’s annual sales from the country stood at nearly $8 Bn for the 12 months ended March 2024, up 33% from the $6 Bn sales reported in the previous year.