India Manufacturing News - Latest Updates & Headlines
Apple to shift all US iPhone assembly to India by 2026
Cupertino, April 26: In a strategic move driven by escalating trade tensions between the United States and China, Apple is set to transition all production of iPhones destined for the US market to India.
Apple may shift entire iPhone assembly for US to India by next year: Report
New Delhi, April 25: Apple is reportedly planning to shift the entire assembly of iPhones sold in the United States to India by as early as next year.
Apple's China smartphone shipments fall 9 pc in Q1 amid rising trade tensions
New Delhi, April 18: Apple's smartphone shipments in China dropped by 9 per cent in the first quarter of 2025 to 9.8 million iPhones, down from over 10.7 million a year earlier, according to latest data from global market research firm IDC.
Smartphones become India's top export in first 10 months of FY25: Ashwini Vaishnaw
New Delhi, April 17: In a historic achievement, smartphones emerged as India’s largest export category in the first 10 months of FY25 -- marking a major success story under the government’s production-linked incentive (PLI) scheme, Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Thursday.
ArcelorMittal Nippon Steel unveils Rs 60,000 crore plan for green steel drive in India
Mumbai, April 16: ArcelorMittal Nippon Steel (AM/NS) India has announced a Rs 60,000 crore investment plan to expand capacity, enhance scrap processing, and scale up renewable energy use as part of the drive to qualify for the three-star rating under the government’s new carbon emission standards, company officials said.
India can clock $25 bn in exports, create 35 lakh jobs in hand and power tools sector: Report
New Delhi, April 15: India has the potential to capture a larger share of the global trade market for power and hand tools, targeting $25 billion in exports over the next decade, which could create approximately 35 lakh jobs by achieving a 10 per cent market share in power tools and 25 per cent in hand tools, a NITI Aayog report showed on Tuesday.
Global trade market for power and hand tools worth USD 100 billion is projected to reach USD 190 billion by 2035
New Delhi, April 15: The global trade market for power and hand tools, currently valued at approximately USD 100 billion, is projected to grow significantly, reaching around USD 190 billion by 2035, according to a report by NITI Aayog.
Production of Apple iPhones in India surges 60 pc to Rs 1.89 lakh crore in 2024-25
New Delhi, April 19: Apple India has recorded a 60 per cent jump in iPhone production from its Indian supply chain with a turnover close to Rs 1.89 lakh crore during the financial year ended March 31, 2025, according to industry data.
India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog
New Delhi, April 12: India's top policy think tank body NITI Aayog has envisions the country's automotive component production growing to USD 145 billion by 2030, with exports tripling from USD 20 billion to USD 60 billion.
India did right in semiconductors, 20% of global workforce here: Semiconductor Industry Association CEO John Neuffer
New Delhi, April 11: India is rapidly emerging as a significant player in the global semiconductor landscape, transitioning from a stronghold in chip design to taking steps toward manufacturing according to John Neuffer, President and CEO of the Semiconductor Industry Association.
India's automotive component production to reach $145 bn by 2030: NITI Aayog
New Delhi, April 11: The country's automotive component production is set to grow to $145 billion by 2030, with exports tripling from $20 billion to $60 billion, while generating 2-2.5 million new employment opportunities, a NITI Aayog report projected on Friday.
India's electronics manufacturing value addition jumps to 70%, set to reach 90% by FY27
New Delhi, April 11: India is strengthening its position as a global manufacturing hub, with value addition in electronics manufacturing having increased from 30 per cent to around 70 per cent, and is projected to reach 90 per cent by FY27, according to Axis Capital report.
US companies may relocate from China to India, say exporters
New Delhi, April 10: Indian export leaders are optimistic that the ongoing US-China trade tensions could create significant opportunities for India in both trade and foreign investment, according to statements from key industry figures.
Apple may export more iPhones from India amid global uncertainties: Report
New Delhi, April 8: Tech giant Apple is planning to increase its iPhone exports from India to the United States in an effort to avoid the high tariffs placed on Chinese goods.
Manufacturing sector growth surged to 8-month high in March: HSBC
New Delhi, April 2: Manufacturing sector growth in India surged to an eight-month high in March as a faster upturn in total sales underpinned a sharper increase in output, according to an HSBC report released on Wednesday.
Robust arbitration mechanism key to make India a global manufacturing hub: Piyush Goyal
New Delhi, March 29: Strong arbitration and mediation mechanisms are crucial for India's emergence as a global manufacturing hub, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
Customs duty cuts, levy withdrawals an ongoing process, not linked to global events: FM Sitharaman
New Delhi, March 28: Finance Minister Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue.
India's manufacturing sector posts robust growth in March, hiring up: HSBC
New Delhi, March 24: India's business activity ended FY25 on a strong note, with the manufacturing sector posting a robust expansion in sales and production during March, driven by a rising demand for goods. Hiring, too, increased during the month, according to the HSBC Flash India survey released on Monday.
Hero Motors joins Germany's STP to manufacture forged powertrain parts in India
New Delhi, March 18: Hero Motors Limited (HML) on Tuesday announced a strategic joint venture (JV) with SchmiedeTechnik Plettenberg (STP), Germany, to manufacture forged powertrain components in India for global markets.
Apple set to soon start production of AirPods in India for exports
New Delhi, March 16: In a fillip to the 'Make in India' initiative, Apple is set to start the local production of AirPods for exports in the country -- its second product category after iPhones which have become a mega success due to the production-linked incentive (PLI) scheme.
Tamil Nadu to get Rs 1,112 crore electronics clusters as India boosts manufacturing: Ashwini Vaishnaw
Chennai, March 15: Union Minister for Electronics & IT Ashwini Vaishnaw on Saturday announced the development of two major Electronics Manufacturing Clusters in Tamil Nadu.
India has strong potential to replicate its manufacturing success and become a semiconductor hub: Jefferies
New Delhi, March 15: Favourable government policies, growing demand, low-cost production capabilities, and strategic linkages with the Western nations have led India to develop itself as a semiconductor hub, according to a recent report by Jefferies.
Hyundai has big plans for EV exports from India
New Delhi, March 5: India will play a key role as a manufacturing hub in achieving Hyundai Motor Company's aim of selling 20 lakh electric vehicles in the global market by 2030, according to the company's president and CEO Jose Munoz.
India's manufacturing PMI at 56.3 in Feb, declined from January but above 50-mark
New Delhi, March 3: India's manufacturing sector continued to expand in February, although at a slower pace compared to January, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI) released by S&P Global.
From electronics to automobile, India emerges as a key global hub: PM Modi
New Delhi, March 1: India has emerged as a major automobile producer and exporter and a similar transformation has been observed in electronics manufacturing, Prime Minister Narendra Modi said here on Saturday.
India emerging as new factory of world; land of infinite innovations: PM Modi
New Delhi, March 1: India is emerging as the new factory of the world and as a land of infinite innovations, said Prime Minister Narendra Modi on Saturday.
Core industries grew 4.6% in January; fertilisers, steel, cement show positive growth
New Delhi, February 28: The combined Index of Eight Core Industries (ICI) increased by 4.6 per cent (provisional) in January 2025 as compared to the last year, commerce ministry data showed on Friday.
Global trade shifts open doors for India, it's time to lead cleantech: Amitabh Kant
New Delhi, Feb 26: Geopolitical instability has disrupted global trade, creating a vacuum that India must use to boost its cleantech manufacturing and economic growth, former NITI Aayog CEO and India's G20 Sherpa, Amitabh Kant said on Wednesday.
India's chemical and pharmaceutical industry gains traction as Europe faces decline: Nuvama
New Delhi, February 23: India is increasingly making a mark in the global pharmaceutical Contract Development and Manufacturing Organization (CDMO) sector while rapidly scaling up its production in fine chemicals, agrochemicals, and specialty chemicals, said a report by Nuvama.
India set to become global aerospace hub with rising fleets and strong govt support: Report
Mumbai, February 20: The global avionics and advanced electronics systems market is expected to reach USD 63.34 billion by 2030, nearly doubling from USD 34.9 billion in 2020, according to a report by financial advisory firm Anand Rathi.
India aims to triple its textile exports to Rs 9 lakh crore by 2030
New Delhi, Feb 19: India's textile exports have reached Rs 3 lakh crore and the goal is to triple this to Rs 9 lakh crore by 2030 by strengthening domestic manufacturing and expanding global reach, the government has said.
Heavy Industries Ministry inks agreement with RNBL for 10 GWh ACC batteries under PLI scheme
New Delhi, February 18: In a major step forward for India's advanced battery manufacturing sector, the Ministry of Heavy Industries (MHI), Government of India, signed a Programme Agreement with Reliance New Energy Battery Limited (a subsidiary of Reliance Industries Limited) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC).
India's smartphone exports surge by 140 pc to $3 billion in Jan
New Delhi, Feb 17: India's smartphone exports in January surged by as much as 140 per cent over the same month of the previous year, to reach a record high of Rs 25,000 crore ($3 billion) as tech giants Apple and Samsung stepped up overseas shipments from their supply chains in the country, according to industry estimates.
Rolls-Royce to double supply chain sourcing from India in next 5 years
New Delhi, Feb 10: Aerospace giant Rolls-Royce announced on Monday that it plans to double its supply chain sourcing from India over the next five years.
MoS for Steel and Heavy Industries highlights benefits under second round of PLI scheme
New Delhi, February 7: Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma informed the Rajya Sabha on Friday that multiple steps have been taken to ensure wider participation in the second round of Production Linked Incentive (PLI) scheme for specialty steel.
India's manufacturing PMI at 6-month high on robust demand
New Delhi, February 3: Following a moderation in growth during December, Indian goods producers kicked off year 2025 on a robust note.
India's 2nd phase of electronic manufacturing EMS 2.0 aligns with its vision of becoming a global hub: Report
New Delhi, January 28: India is set to advance into the second phase of its electronics manufacturing journey, known as Electronics Manufacturing Services (EMS) 2.0, which will focus on the actual manufacturing of electronic components, according to a report by Phillip Capital.
JSW Steel's net profit plunges 70 per cent to Rs 717 crore in Oct-Dec quarter
Mumbai, Jan 24: Sajjan Jindal-led JSW Steel on Friday reported a 70 per cent year-on-year decline in net profit to Rs 717 crore for the October-December quarter of the current financial year, compared to the corresponding figure of Rs 2,450 crore for the same quarter of the previous financial year.
Auto component sector should build EV ecosystem before others catch up: Piyush Goyal
New Delhi, Jan 18: While negotiating Free Trade Agreement (FTAs), the sector that stands out is the auto component industry and Indian auto component manufacturers should now build the electric vehicle (EV) ecosystem before other countries catch up, Union Minister of Commerce and Industry, Piyush Goyal, has said.
Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry
New Delhi, Jan 13: Riding on the government's production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024.