According to reports, Apple is urging the Centre to loosen income tax regulations pertaining to the ownership of “high-end” iPhone equipment that the massive tech company supplies to its contract manufacturers. According to sources who spoke to Reuters, Apple executives have been in discussions with Indian officials in recent months to change the law to exempt the corporation from paying taxes for owning the equipment.
According to the article, the business is concerned that the taxes will impede its ability to expand in the nation in the future. For example, Foxconn and Tata, Apple’s contract manufacturers in India, have invested billions of dollars to establish facilities there.
However, the acquisition of these expensive tools for iPhone production accounts for millions of those costs. The report also asserted that contract manufacturers are limited in their ability to provide funds. Changes to the legacy law will make it easier for Apple to grow. India can raise its level of international competitiveness.
Apple Finds Income Tax Act, 1961 is the Biggest Issue
The Income Tax Act of 1961, which views foreign ownership of industrial equipment as a “business connection”, is at the heart of the controversy. As a result, Apple’s iPhone profits are allegedly subject to national taxes.
The article further stated that if Apple changes its “business practices” in the nation without persuading the central government to amend the tax regulations governing foreign ownership of equipment used in India, the corporation may be subject to billions of dollars in additional taxes.
According to reports, a top Indian official stated that talks were still going on and that it is a “tough call” because Apple’s expanded investments are “equally important. “Investments are needed in India. We must come up with a solution,” the official continued. The government apparently seems wary, though, because any modifications to the income tax regulations may make it less sovereign to tax a foreign corporation.
Apple on an Expansion Spree in India
This development coincides with the Cupertino-based titan’s aggressive expansion of its domestic production capability. As part of this, it started manufacturing the most recent iPhone 17 series in India as soon as it was released.
According to reports earlier this month, Apple exported a record $10 billion worth of iPhones from India between April and September, a 75% increase over the $5.71 billion it exported during the same period last year. As trade tensions between Washington, DC, and Beijing flare, the business intends to move all of its iPhone assembly from the US to India by early next year. The corporation is increasing iPhone manufacture in India at the same time as the export.
Foxconn’s new Bengaluru facility and Tata Electronics’ Hosur plant both started production in April of this year, bringing the big tech giant’s Indian manufacturing network to five locations. Foxconn has invested INR 15,000 Cr to strengthen its operations in the state and support internal R&D activities, according to a statement made a few days ago by Tamil Nadu’s industries minister, TRB Rajaa.
Quick
Shots
•Apple urges India to amend tax laws
affecting ownership of high-end iPhone production equipment.
•Current Income Tax Act, 1961 treats
foreign-owned industrial equipment as a “business connection,” subjecting
Apple to national taxes.
•Apple claims these taxes hinder
expansion and increase operational costs for contract manufacturers like
Foxconn and Tata.
•Talks with Indian officials ongoing,
but government cautious about modifying tax rules for foreign companies.
Xiaomi, a Chinese smartphone manufacturer, has received separate legal notices from Apple and Samsung for its commercials in India that contrasted its devices with those of the two companies.
Legal Notices Over Comparative Marketing
According to ET, which cited sources, the two smartphone manufacturers took this action to preserve the value of their brands. According to the article, which cited one of the sources, Apple and Samsung had issued cease-and-desist warnings to Xiaomi for certain commercials that negatively impacted their brand value.
India’s Position as a Global Smartphone Hub
As per the article, Xiaomi released newspaper ads earlier this year that contrasted the features and cost of one of its devices with those of Apple’s iPhone 16 Pro Max. On social media, Xiaomi also contrasted some of its smartphone models with Samsung’s. With these kinds of advertisements, it also targeted Samsung’s smart TVs.
India’s Position as a Global Smartphone Hub
According to IDC, 7 Cr smartphones were supplied in India in the first half of 2025, making it one of the largest smartphone markets globally. With a 19% market share, Vivo led the field, followed by Samsung with a 14.5% share. Nonetheless, Apple and Samsung dominate the nation’s rapidly expanding premium market.
Apple’s Expanding Footprint in India
In H1 2025, Apple’s shipments to India increased 21.5% year over year to 59 lakh devices. Notably, Tim Cook, the CEO of Apple, stated during the company’s June quarter earnings call that India had the greatest quarterly revenue ever.
The country saw a double-digit rise in the company’s iPhone sales. Apple is expanding its retail locations around the nation as a result of this expansion, and next week it plans to establish a new location in Pune. In addition, the tech giant now uses India as a significant manufacturing hub.
Make in India Boosts Smartphone Production
Apple India intends to increase production of the iPhone 17 in all five of its Indian factories. Additionally, it intends to sell in the US solely iPhones made in India.
India is becoming less dependent on smartphone imports and more dependent on exports as a result of other manufacturers like Samsung, Google, Lenovo, and Alcatel, among others, producing smartphones there.
In 2024, Apple’s iPhone exports from India crossed the INR 1 lakh cr milestone. In FY24, Samsung exported smartphones valued at $52 billion.
Quick
Shots
•Xiaomi’s ads compared its phones with
iPhone 16 Pro Max, Samsung smartphones, and even Samsung smart TVs.
•Apple & Samsung claim the ads
hurt brand value and demanded withdrawal.
•7 crore smartphones shipped in H1
2025; Vivo leads with 19% share, Samsung at 14.5%.
According to reports, tech titan Apple and Reliance Jio have teamed up to provide Jio customers Rich Communication Services (RCS) texting on iPhones.
According to ET’s story, which cited sources, this partnership will enable Jio customers on iPhones to send iMessage-style “blue tick” RCS texts with interactive features, read receipts, and high-resolution photos and videos over WiFi or mobile data without incurring additional costs.
What is RCS Messaging and How It Works on iPhones?
The worldwide telecom industry organisation GSMA launched RCS in 2007 as a messaging standard to improve and update SMS. RCS, which is integrated into a phone’s default messaging software, provides functions including read receipts, group conversations, file sharing, and interactive communications that resemble WhatsApp or iMessage.
Compared to SMS, it allows for authenticated and secure corporate communication, lowering the danger of spam or phishing. Additionally, it enables telecom providers to remain competitive in the expanding messaging market.
Why RCS Matters: Secure, Spam-Free Alternative to SMS?
Due to the country’s continued heavy reliance on SMS for transactions, banking alerts, and OTPs, RCS use is increasing in India. RCS provides a safer option for communication and modernises this channel.
RCS Adoption in India and Global Trends
RCS has been adopted by ten nations worldwide, and India views it as a digital upgrade to its communication environment as well as a security measure. With a robust subscriber base of more than 49 Cr, Jio will assist Apple in promoting the use of RCS services. Jio and Apple have been contacted by Inc42 for their thoughts on the development.
Airtel’s Opposition to RCS and Industry Response
As soon as an answer is received, the story will be updated. Notably, according to ET, Bharti Airtel previously refused to collaborate with Google or Apple to enable RCS, claiming that the encrypted channel may expose consumers to spam. This development coincides with Apple’s rapid expansion in India.
Due to double-digit increases in iPhones, Macs, and services, the business recorded record revenue from India in the June quarter. According to Tim Cook, CEO of Apple, the iPhone has grown in every region and in growing countries like Brazil, South Asia, the Middle East, and India, where it has double-digit growth.
Apple Expanding its Nexus in India
The iPhone manufacturer is growing its retail presence in India, bolstered by the strong demand. The company announced on 26 August that it will establish a new store in Pune the following week, following the announcement of the opening of its third official store in Bengaluru last week.
In addition, the tech giant is increasingly making India a major location for manufacturing. According to a rumour earlier this month, Apple intends to increase manufacturing of the iPhone 17 at all five of its Indian factories. Last year, the company began producing 30 million to 40 million iPhone 15s a year in India.
Up until this year, Tata Electronics, Foxconn, and Pegatron, Apple’s contract manufacturers, accounted for 25% of the company’s manufacturing in India. Apple made the decision to outsource the majority of iPhone production from China in late April of this year. Apple revealed that by 2026, all iPhones sold in the US will be assembled in India.
Quick
Shots
•iMessage-Style Features: Blue tick
chats, read receipts, group texting, file sharing, HD media sharing.
•RCS-A GSMA standard (since 2007)
upgrading SMS with interactive, secure messaging.
•Safer, spam-free, modern alternative
to SMS—important for banking alerts, OTPs, and business communication.
•Airtel refused to support RCS citing
spam risks; industry divided.
Apple announced on 26 August that it will establish its fourth location in India next week, this time in Pune. The tech company that makes iPhones has significantly expanded its retail presence in India with the opening of the new Apple shop in Pune.
According to the firm, the new Apple store will give customers in Pune more options for exploring and buying Apple products. The services can also be experienced in person. According to Apple’s website, the Pune Apple store will open at 1 pm on September 4 in Koregaon Park.
Pune Store Launch Follows Mumbai, Delhi, and Bengaluru Openings
Days have passed since Apple’s third Bengaluru location opened. In 2023, the iPhone manufacturer made its debut in the Indian retail market, opening its first location in Mumbai and then in Delhi.
Apple said that through free events hosted by Apple Creatives, Today at Apple helps customers get started with their devices or advance their talents, whether in photography, music, painting, or coding. The event is intended to inspire and educate.
Apple’s Record Revenue Growth in India and Emerging Markets
While CEO Tim Cook had criticised the “evolving” tariff situation and estimated September-quarter tariff costs at roughly $1.1 billion, the Cupertino, US-based company recently reported revenue records in over two dozen markets, including India, in the June quarter earnings that exceeded street expectations.
Cook has also mentioned building new stores in India and the United Arab Emirates later this year during Q3 FY2025 earnings.
According to Tim Cook, the business witnessed double-digit growth in growing markets like India, the Middle East, South Asia, and Brazil, as well as growth in every geographic area of the iPhone.
Tim Cook on Tariffs and India’s Expanding Role
Cook added that the company saw an acceleration of growth in the vast majority of markets we track, including China and many emerging markets, and that double-digit growth across iPhone, Mac, and services was the driving force behind these results.
Apple set revenue records for the June quarter in more than two dozen countries and regions, including the US, Canada, Latin America, Western Europe, the Middle East, India, and South Asia. He said that the situation regarding tariffs is “evolving” and that the corporation had to pay roughly $800 million in tariff-related expenses for the June quarter.
“We project that the September quarter will result in an increase in our expenses of roughly $1.1 billion, assuming that the present global tariff rates, policies, and applications remain unchanged for the remainder of the period and that no new tariffs are imposed. Since a lot of things, including tariff rates, can change, this forecast shouldn’t be used to project future quarters,” he said.
The computer giant reported $94.04 billion in revenue for the June quarter, above Wall Street’s estimates by 10% year-over-year. Net profit was $23.42 billion, up 9.2% year-over-year.
Quick
Shots
•Store to offer hands-on Apple product
demos and “Today at Apple” free creative sessions.
•Part of Apple’s push to strengthen
brand presence in India.
•Double-digit sales growth across
iPhone, Mac, and services in Q3 FY2025.
•India, Middle East, South Asia, and
Brazil among fastest-growing markets for Apple.
According to Bloomberg, Apple is preparing a significant overhaul of its iPhone portfolio, with a foldable iPhone anticipated in 2026. Code-named V68, the device is said to include four cameras: two on the back, one within, and one on the front. It will open like a little tablet.
Quad-Camera Setup & Tablet-Style Design
It’s interesting to note that, similar to the next iPhone Air, it will not feature a real SIM card slot and will return Touch ID rather than Face ID. Apple is getting ready to release its 2025 iPhone lineup before the foldable arrives. Following the MacBook Air’s design, the next iPhone Air will be lighter and thinner, but it will also contain Apple’s first in-house modem chip, a smaller battery, and only one rear camera.
Although the Pro versions will have new colour options like orange and improved cameras, the iPhone 17, 17 Pro, and 17 Pro Max are also anticipated, although their designs won’t deviate significantly from the iPhone 16.
Apple’s Expanding Product Roadmap
For the foldable iPhone, Apple is also reconsidering screen technologies. By switching to in-cell touch sensors, the business hopes to improve touch response and lessen creases on the unfolded display. Aiming for an autumn 2026 release, suppliers are already getting ready for manufacturing early next year. Apple has a bustling product roadmap that includes more than just iPhones.
Updates with heart-rate monitoring capabilities are planned for the iPad Pros, Apple Watch, Vision Pro headsets, and AirPods Pro this year. Additionally, the company is investigating additional devices such as a tabletop robot, display-less smart eyewear, and a HomePod with a screen. Apple is also improving its services. Apple TV+ just increased its pricing from $9.99 to $12.99, and AppleCare One, a $20 monthly package that covers three devices, is already available.
Next year, a paid Health+ service with AI-powered health recommendations is also anticipated. In order to improve Siri, Apple is looking into joint ventures with Google, Anthropic, and OpenAI. In the meantime, it has lost a number of its top AI executives to Meta, demonstrating the intense talent competition. The next foldable device is expected to be a game-changer, laying the groundwork for Apple’s next wave of innovation, even though 2025 may not see any breakthrough iPhones.
Apple’s India Strategy: INR 1,010 Crore Office Lease in Bengaluru
According to various media reports, the smartphone giant Apple has rented approximately 2.7 lakh square feet of office space in Bengaluru for ten years, with a total outlay of approximately INR 1,010 crore for the duration, which includes rent, parking, and maintenance.
The iPhone manufacturer will pay a monthly rent of INR 6.31 crore, or INR 235 per square foot, to occupy the fifth through thirteenth floors of Embassy Zenith on Sankey Road, Vasanth Nagar, in Bengaluru.
A security deposit of INR 31.57 crore has been made by the corporation, with a 4.5% yearly rent increase. The lease was registered in July and started on April 3, 2025. According to the paperwork, Apple has paid stamp duty of INR 1.5 crore.
According to reports, Cupertino-based tech giant Apple intends to increase manufacturing of its iPhone 17 at all five of its Indian factories, including the two that were just added.
According to a Bloomberg story, the business is expanding its iPhone production in India in an effort to reduce its reliance on China and diversify its manufacturing supply chain.
All four of the iPhone 17 variants would be manufactured in India, according to the Bloomberg report, with production being expanded at Foxconn’s locations close to the Bengaluru airport as well as Tata Electronics’ facilities in Hosur and Tamil Nadu.
Why Apple is Reducing Reliance on China?
Apple made the decision to outsource the majority of iPhone production from China in late April of this year. Additionally, the corporation made the decision to move all iPhone assembly from the US to India by 2026. China’s hostility against the US earlier this year, when it raised its tariffs on US goods, prompted the decision.
China reacted with a 125% tax on the US during the trade war after the US imposed 145% tariffs on China. Following this, Apple began removing China from its supply chain for iPhone manufacturing in order to safeguard itself from geopolitical unrest. Last year, Apple began producing the iPhone 15 in India, producing between 30 and 40 million handsets a year. Up until this year, Tata Electronics, Foxconn, and Pegatron, Apple’s contract manufacturers, accounted for 25% of the company’s manufacturing in India.
Challenges in Shifting Production
Although the company has worked relentlessly to move its manufacturing out of China, they have not had an easy time of it. When Apple decided to move its manufacturing base outside of China, it encountered challenges.
For example, in April, Chinese officials prohibited one of Apple’s suppliers from exporting equipment to India, which was necessary for testing the iPhone 17’s trial manufacturing there. A few months later, however, Foxconn brought back 300 Chinese engineers who were thought to be crucial to the new iPhone 17’s testing in India.
Apple’s Growth and Performance in India
During the April-June earnings call, Apple CEO Tim Cook stated that the company has had double-digit growth in India across its sales of iPhones, Macs, and services, in addition to increasing its manufacturing in the area.
In addition, it intends to open four new locations later this year in Bengaluru, Mumbai, Pune, and Noida in order to increase its retail presence in the area.
The iPhone 16 family was a major factor in Apple’s 13.4% revenue increase from worldwide iPhone sales to $44.6 billion in the June quarter. In addition, the business’s total sales for the quarter increased by 10% to $94 billion.
Quick
Shots
•Manufacturing across all five Indian
plants, including new units.
•Foxconn’s Bengaluru hub & Tata
Electronics’ Hosur, Tamil Nadu plants to lead production.
•Decision driven by US-China trade war
tariffs (145% by US, 125% by China).
•Apple reducing dependence on China to
secure supply chain.
According to various media reports, the smartphone giant Apple has rented approximately 2.7 lakh square feet of office space in Bengaluru for ten years, with a total outlay of approximately INR 1,010 crore for the duration, which includes rent, parking, and maintenance.
The iPhone manufacturer will pay a monthly rent of INR 6.31 crore, or INR 235 per square foot, to occupy the fifth through thirteenth floors of Embassy Zenith on Sankey Road, Vasanth Nagar, in Bengaluru.
A security deposit of INR 31.57 crore has been made by the corporation, with a 4.5% yearly rent increase. The lease was registered in July and started on April 3, 2025. According to the paperwork, Apple has paid stamp duty of INR 1.5 crore.
Apple Retail Expansion in India
The decision, according to industry executives, is a part of Apple’s larger development in India, where it is increasing its retail presence and growing its operations and technical teams.
After opening stores in Delhi and Mumbai, Apple is getting ready to open its third location in India at the Phoenix Mall of Asia in the city’s north of Bengaluru.
For a 10-year lease with an annual price of nearly INR 2.09 crore, the company has rented roughly 8,000 square feet of premises from Sparkle One Mall Developers. Rent payments started in August 2025 after the lease was recorded in November 2024.
Apple’s R&D and Hiring in Bengaluru
With Bengaluru evolving as a major R&D hub worldwide, Apple Operations India supports the larger Apple ecosystem while spearheading initiatives in engineering, hardware design, failure analysis, research, and testing.
For positions like RF System Integration Engineer, Software Development Engineer in Test, Machine Learning Engineer, and Engineering Program Manager, the organisation is still actively hiring. A cutting-edge building in Prestige Minsk Square serves as the focal point of Apple’s engineering centre in the city. It has specialised labs and collaborative workspaces and is built to Leadership in Energy and Environmental Design (LEED) sustainability standards.
In addition to infrastructure, Apple has made investments in fostering local talent through programmes like the App Accelerator, which offers iOS developers specialised mentoring. Teams from Bengaluru contribute to several Apple businesses, including operations, IS&T, software, hardware, services, and customer support.
Airtel–Apple Partnership: Free Apple Music
It looks like Bharti Airtel is adding more bundled digital services for its Indian consumers. According to reports, the telecom operator has extended its collaboration with Apple, which was previously restricted to postpaid and broadband consumers, by providing free access to Apple Music for its prepaid customers.
The action was taken only a few weeks after Airtel gained notoriety for giving its customers free access to the premium artificial intelligence application Perplexity AI Pro. Telecom Talk was the first to notice that some Airtel prepaid users have started to see the Apple Music offer within the Airtel Thanks app. Users can take advantage of the streaming service for free for a maximum of six months, according to the banner.
Quick
Shots
•Apple has leased 2.7 lakh sq. ft.
office space at Embassy Zenith, Bengaluru, for 10 years worth INR 1,010
crore.
•Monthly rent of INR 6.31 crore (INR
235/sq. ft.) with a 4.5% annual hike; security deposit of INR 31.57 crore.
•Third Apple Store coming up at
Phoenix Mall of Asia, North Bengaluru, after Delhi & Mumbai.
•Bengaluru acts as a global R&D
base for Apple, with teams working on hardware design, testing, ML, software,
and operations.
A harsh 100% tariff on imported computer chips and semiconductors was announced by US President Donald Trump on 6 August. This action may result in increased costs for tech-driven goods, including appliances, autos, and electronics. As he and Apple CEO Tim Cook spoke at the Oval Office, Trump declared, “We’ll be putting a tariff of approximately 100% on chips and semiconductors.” “But if you’re building in the United States of America, there’s no charge,” he continued.
Major Policy Shift from Previous Tariff Exemptions
Three months after Trump temporarily spared the majority of electronics from high tariffs, the recent tariff hike represents a significant change in policy. While some current levies remained in effect, gadgets such as computers, smartphones, and other equipment were exempt from new tariffs in April.
Recently, US Customs revised its guidelines to exempt some electronic products from the standard 10% worldwide duty and the 125% levy on Chinese exports.
U.S. Tech Giants Respond with Domestic Investment
Companies that have made significant investments in domestic production, such as Apple, Nvidia, and Intel, may profit from the exception, which is part of Trump’s strategy to promote chip manufacture in the US. Almost $1.5 trillion in US investments have been promised by Big Tech since Trump took office again in January.
Impact on Apple, Nvidia, Intel, and Global Supply Chains
On August 6, Apple revealed a new $100 billion investment to increase American manufacturing. It is anticipated that the action will assist the business in avoiding possible iPhone tariffs. With this additional commitment, Apple has committed $600 billion in US investment over the next four years.
The tech giant had earlier this year declared its intention to invest $500 billion and generate 20,000 jobs nationwide. Ahead of the release of a new model next month, the exemption might help Apple sidestep tariff-related pricing pressures on iPhones made in China and India.
Following the tariff announcement, Apple shares increased 3% in after-hours trading and 5% during normal trade. Nvidia, which has increased its operations in the US and just reached a $1 trillion market value, also saw an increase. Despite recent difficulties, Intel’s stock increased as well. According to the World Semiconductor Trade Statistics, sales of chips increased by almost 20% year over year as of June, indicating that demand for the product is still high worldwide.
Country-Specific Tariff Changes: India and Vietnam Targeted
Strict tariffs on nations essential to Apple’s production network are another aspect of Trump’s tariff strategy. India, a significant iPhone manufacturing hub, will be subject to a 50% levy, half of which will be applied to trade imbalances and the other half as payback for India’s imports of Russian energy.
Vietnam, a country that produces MacBooks, iPads, and Apple Watches, is already subject to a 20% levy. Trump used Apple as an example of compliance, even though precise implementation schedules and exemption requirements are yet unknown.
Hundreds of Chinese engineers and technicians employed at Foxconn’s facilities, Apple’s primary supplier, were urged to leave as the company prepared to increase manufacturing of its next flagship iPhone in India.
According to various media reports, more than 300 highly qualified employees have left Foxconn’s iPhone factories in southern India. Although neither Apple nor Foxconn have made a formal statement, the timing and lack of response say a lot.
This advancement goes beyond a simple reorganisation of personnel. It coincides with rising tensions between Beijing and Western tech companies that are moving their manufacturing out of China, as well as the India-China border issue.
The loss of skilled Chinese technical employees is a blow to Apple, which has made significant investments to increase its manufacturing presence in India. In addition to putting devices together, these experts trained Indian workers and imparted decades of process knowledge developed inside Chinese mega-factories.
Chinese Government Clamping Down on Various Elements to Hamper the Production
In recent months, China’s crackdown on the exodus of talent, equipment, and technology has intensified.
A media source claims that the Chinese government has gently persuaded businesses and authorities to limit the flow of talented workers to countries like India and Southeast Asia and to cease exporting vital equipment.
It appears that the goal is to slow down the “China plus one” method that global corporations are using to protect themselves from geopolitical risk.
China has tightened control over APIs for the global pharmaceutical supply chain, limited exports of rare earth magnets used in electric vehicles, and, now, through its hold on Foxconn, has started to repress talented mobile manufacturing workers. Trade friction is no longer the only issue. Supply chain resistance is the cause.
Foxconn Swaps Chinese Engineers for U.S., Taiwan Specialists Amid Strategic Shift
The multinational electronics powerhouse has devised a different strategy to save its iPhone 17 production in India by bringing in specialists primarily from Taiwan and the US.
This development comes a day after it was revealed that Beijing had “forced” Foxconn Technology Group to return its Chinese engineers and technicians from its Tamil Nadu plant. Recalling workers is perceived as a tactic to thwart Western IT companies’ attempts to move their manufacturing out of China.
Additionally, it is perceived as an extension of the diplomatic dispute between China and India. The export of essential machinery needed to upgrade assembly lines to produce the iPhone 17, which is anticipated to be released by September of this year, was already being restricted by Chinese officials.
As anticipated, a media article stated that Foxconn already had a strategy to hire engineers primarily from the US and Taiwan. Furthermore, the problem only relates to the upcoming debut of the new iPhone 17 series.
For earlier versions, Indian technicians are already in charge. The replacement of the Chinese experts might take up to two months. The Ministry of Electronics and Information Technology (Meity), according to the report, stated that Foxconn and Apple have been aware of the potential loss of Chinese engineers for the past four to five months.
The import of essential equipment can still be an issue even if technicians are replaced. The iPhone 17’s price may rise as a result. However, according to industry experts, the average compensation for a US expert is approximately six times that of a Taiwanese expert.
Further, the average compensation for a Taiwanese expert is approximately 50–60% higher than that of a Chinese engineer. This could result in an increase in the production costs for the company.
India Benefiting from US-China Trade Tension
Trade conflicts between the US and China, which started under former President Donald Trump, are the direct cause of Apple’s entry into India.
These tensions have now developed into strategic actions on both sides, with China retaliating with limits on technology, talent, and raw materials and the United States providing tax incentives and trade agreements to nations like Vietnam and India.
Though it might not seem as dramatic, China’s most recent action might be just as destructive as a trade battle. The risk is growing on both sides for Apple, which intends to manufacture the majority of iPhones for the US in India by 2026.
Trump has once again called on Apple to “make in America” in his most recent campaign speech. However, Apple has so far steered clear of that route due to the high cost of US labour and a lack of experience with large-scale manufacturing.
Now that China is exerting pressure behind the scenes, even Apple’s backup plan in India can encounter difficulties.
In the months preceding the release of the iPhone 17, it will become evident if China has successfully halted the changing axis of tech manufacturing or whether Apple can withstand the transition without compromising its production targets.
India has been a hub for international businesses for several decades, and the presence of multinational companies has played a crucial role in boosting the country’s economy. The Indian market offers a vast consumer base and a skilled workforce, making it an attractive destination for MNCs to set up shop. In recent years, the Indian economy has seen significant growth, and several multinational corporations have contributed to this growth through their success in various sectors. Indian MNC companies are expanding rapidly across global markets, showcasing the strength and innovation of India’s corporate sector.
In this article, we will take a closer look at the top 26 successful multinational companies in India that have made their mark in the Indian market.
When it comes to multinational companies in India, the Tata Group is a name that needs no introduction. Founded in 1868 by Jamsetji Tata, the company has been a symbol of trust and reliability in the Indian market for over a century.
With a presence in 100+ countries across six continents, the Tata Group has established itself as a global player in various sectors, including steel, automotive, hospitality, and more. Their headquarters is in Mumbai, and the group employs over 9,00,000 people worldwide, making it one of the largest employers in India. It is one of the top 10 MNCs in India.
Aditya Birla Group is a global conglomerate that operates in 36 countries in North and South America and Africa. Seth Shiv Narayan Birla founded this company in 1857. Over 140,000 employees are a part of this ever-growing company. The company is headquartered in Mumbai. It is one of the top 5 MNC companies in India.
N.R Narayan Murthy, Nandan M. Nilekani, S. Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan, Ashok Arora
Founded
1981
Revenue
$18.6 billion (2024)
Number of Employees
3,17,240 (2024)
Infosys Limited is an Indian multinational information technology company that provides a wide variety of services like business consulting, innovative IT solutions and outsourcing services. It is the 2nd largest IT company, which was founded in 1981. It operates in 50+ countries and has 3 lakh employees working for them. It is one of the top 10 MNC companies in India.
India has seen the rise of several successful multinational companies over the years, and HCL Technologies is undoubtedly one of them. Founded in 1991 by Shiv Nadar and Arjun Malhotra, HCL Technologies (Hindustan Computers Limited) is an Indian multinational company that has made its mark in the global market. The company focuses on IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P). HCL Technologies is top 5 MNC companies in India.
Wipro is an Indian multinational company that is globally known for its IT services. The company provides an array of services like robotics, cloud, cognitive computing, hyper-automation, and analytics. Wipro also focuses on consulting and outsourcing. The headquarters of Wipro is in Bengaluru. It is one of the top 10 MNC companies in India.
Google needs no introduction. Google India Pvt Ltd is a subsidiary of Google Inc., which was founded in 2003. More than 1 lakh employees are working for this company.
Google, one of the prominent MNC companies in India, has established its presence with offices in Hyderabad, Bangalore, Gurgaon, and Mumbai. It is one of the top 10 multinational companies in India.
Amazon India
Company Name
Amazon India
Founder
Jeff Bezos
Founded
1994
Revenue
INR 22,198 crore (2023)
Number of Employees
1,25,000 (2023)
Another company where a lot of people want to work is Amazon India Pvt Ltd. The aim of this company is to make the experience of buying online smoother and faster.
The company is thinking from the perspective of the Indian audience and solving unique problems like providing opportunities for small retailers to sell online, regional discovery, fast delivery in small towns, reliable payment options and much more. Apart from e-commerce, the company also focuses on digital streaming, cloud computing, machine learning and AI. It is one of the top 20 MNC companies in India.
The influence of multinational companies in India can be seen in various sectors, including technology. One such company that has made a mark in the Indian market is Apple India, a subsidiary of the global tech giant Apple Inc. Incorporated in 1996, Apple India has been a prominent player in the Indian smartphone and computer market. It is one of the top 10 multinational companies in India.
Microsoft India Pvt Ltd is a subsidiary subsidiary of Microsoft Corporation that was incorporated in 1990. The head office of the company is in Hyderabad. Microsoft India has ten offices in different cities of India: Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida, Gurgaon and Pune.
Nestlé India Limited is a subsidiary of the Swiss multinational company Nestlé. It is the world’s largest food and beverage company.
Nestlé India Limited, a prominent MNC company in India, is actively engaged in the production and marketing of various food and beverage products. Some of the popular brands offered by Nestlé in India include Maggi, Nescafé, KitKat, Munch, Milkybar, Nestlé Milk, and more. It is one of the top 20 MNC companies in India.
Herman Hollerith, Thomas J. Watson, Charles Ranlett Flint
Founded
1911
Revenue
INR 28,052.8 crore (2023)
Number of Employees
130,000 (2024)
IBM, short for International Business Machines Corporation, is a globally renowned multinational technology company. Established on June 16, 1911, IBM has a rich history of innovation and leadership in the technology industry. Over the years, it has evolved into a prominent provider of advanced information technology, software, hardware, and consulting services worldwide.
Coca-Cola is one of the world’s largest beverage companies, and it operates in various countries, including India. The company has a long history in India and has been a prominent player in the Indian non-alcoholic beverage market.
Coca-Cola India offers a diverse portfolio of products, including its iconic carbonated soft drinks such as Coca-Cola, Diet Coke, Fanta, Sprite, and Thums Up, along with a range of non-carbonated beverages like Minute Maid juices, Maaza, and Kinley packaged drinking water.
Hindustan Vanaspati Mfg. Co. Ltd., United Traders Ltd., Lever Brothers
Founded
1933
Revenue
INR 618.9 billion (2024)
Number of Employees
27,764 (2024)
Established in 1931, Hindustan Unilever (HUL) boasts a rich legacy of over 90 years and has evolved into one of the premier FMCG brands, “U-Work” gigs, and globally. With a diversified portfolio encompassing personal care products, food, beverages, and various consumer goods, HUL has firmly established itself as a market leader in India and beyond. It is one of the top 20 MNC companies in India.
Toyota
Company Name
Toyota
Founder
Kiichiro Toyoda
Founded
1894
Revenue
$274.942 billion (2023)
Number of Employees
3,75,235 (2023)
As a prominent and globally recognized automotive company, Toyota stands out as a leading force in the international car market. Marking its entry into the Indian market in 1997, Toyota has since made significant strides, introducing a range of successful cars that have propelled it to a dominant position with a substantial market share.
LG, a renowned MNC company of consumer electronics and appliances manufacturer based in South Korea, has been an integral part of households worldwide. Since its foray into the Indian market in 1997, LG has consistently delivered a diverse range of reliable products, including washing machines, refrigerators, televisions, smartphones, and keypad mobiles.
Citibank, a prominent multinational financial institution, has solidified its position as a top player in the Indian banking sector. Established in 1812, the bank brings a rich history and a global reputation for excellence to its operations in India. Offering a total suite of financial services, Citibank caters to diverse needs, including savings accounts, loans, deposits, mortgages, investment funds, credit and debit cards, insurance, electronic banking, capital markets, advisory services, and private banking.
HP
Company Name
Hewlett-Packard (HP)
Founder
Bill Hewlett and Dave Packard
Founded
1939
Revenue
US $53.7 billion (2023)
Number of Employees
58,000 (2023)
Established in 1939 by the visionary duo Hewlett and David Packard, Hewlett-Packard India Sales Pvt Ltd has emerged as a stalwart in the Information Technology sector. The company’s global headquarters is situated in Palo Alto, California, marking its status as an American multinational IT MNC. Renowned for its expansive portfolio, Hewlett-Packard has been a trailblazer in developing and delivering an extensive range of hardware components and software-related services. It is one of the top 20 MNC companies in India.
A subsidiary of the globally acclaimed Sony Corporation, Sony India stands as one of the premier MNC company in India. Originating from Japan, Sony Corporation was established in 1946, and its Indian venture commenced in 1994, introducing an extensive array of electronics such as mobile phones, televisions, cameras, PlayStations, and more.
Samsung
Company Name
Samsung
Founder
Lee Byung-chul
Founded
1938
Revenue
$200.26 billion (2023)
Number of Employees
2,70,372 (2023)
Samsung – Top Multinational Company in India
Samsung is a renowned multinational corporation that has firmly established itself as a key player in the Indian market. Originating from South Korea, Samsung has been on a journey of technological innovation and consumer electronics excellence since it entered India. Over the years, it has become synonymous with cutting-edge products, including smartphones, televisions, home appliances, and more.
DHL
Company Name
DHL
Founder
Adrian Dalsey, Larry Hillblom, Robert Lynn
Founded
1969
Revenue
US $100 billion (2022)
Number of Employees
5,86,404 (2023)
DHL – Top Multinational Company in India
DHL is a well-known international courier and logistics MNC company that has established itself as a successful player in the Indian market. As a crucial link in the global supply chain, DHL plays a vital role in facilitating international trade and commerce. Their presence in India offers customers a comprehensive range of logistics services, such as express parcel delivery, freight transportation, and supply chain solutions.
Adidas India
Company Name
Adidas India
Founder
Adolf Dassler
Founded
1949
Revenue
$23.80 billion
Number of Employees
59,030
Adidas – Top Multinational Company in India
This multinational conglomerate traces its roots back to the trails of World War I. Led by Adolf Dassler and his sibling Rudi Dassler, the Dassler family began manufacturing shoes in their mother’s house. Adidas had its shining moment and gained international attention when American track-and-field star Jesse Owens wore it in the 1936 Berlin Olympics.
Mercedes Benz India
Company Name
Mercedes Benz
Founder
Daimler-Motoren-Gesellschaft and Carl Benz
Founded
1926
Revenue
$101 billion (2024)
Number of Employees
166,000
Mercedes Benz – Top Multinational Company in India
Mercedes-Benz is a globally renowned luxury automobile brand, headquartered in Stuttgart, Germany. Founded in 1926, it originated from Daimler-Benz, which combined two pioneers in automotive history—Karl Benz, who built the world’s first car, and Gottlieb Daimler. The company is now part of Mercedes-Benz Group AG.
Panasonic
Company Name
Panasonic
Founder
Konosuke Matsushita
Founded
1918
Revenue
$54 Billion (2024)
Number of Employees
228,420
Panasonic – Top Multinational Company in India
Panasonic, formerly known as Matsushita Electric, was founded in 1918 by Kōnosuke Matsushita as a vendor of duplex lamp sockets. The corporation ran factories in Japan and other Asian countries during World War II that produced electrical products and parts, including light fixtures, motors, electric irons, wireless equipment, and the first vacuum tubes.
Procter and Gamble
Company Name
Procter and Gamble (P&G)
Founder
William Procter & James Gamble
Founded
1837
Revenue
$40.5 Billion (2024)
Number of Employees
88,000
P&G – Top Multinational Company in India
Procter & Gamble (P&G) is a leading American multinational consumer goods company, headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, the company is known for its wide range of household, health, and personal care products. P&G operates in over 180 countries and is recognized for its portfolio of trusted, globally popular brands.
The company boasts more than 65 brands, many of which are market leaders in their respective industries.
PepsiCo
Company Name
PepsiCo
Founder
Caleb Bradham
Founded
1965
Revenue
$3.08 Billion (2024)
Number of Employees
318,000
PepsiCo – Top Multinational Company in India
PepsiCo is a global leader in the food and beverage industry, headquartered in Purchase, New York. Founded in 1965 through the merger of Pepsi-Cola and Frito-Lay, it has grown into a powerhouse with a diverse portfolio of snacks, beverages, and nutrition products.
PepsiCo operates in over 200 countries through six key divisions: Frito-Lay North America, PepsiCo Beverages North America, Quaker Foods North America, Latin America, Europe, and Asia, Middle East & Africa.
Cognizant is a leading global technology services and consulting company, headquartered in Teaneck, New Jersey. Founded in 1994 as an IT development and maintenance arm of Dun & Bradstreet, it has since grown into a multinational provider of digital, technology, and consulting services.
Conclusion
In conclusion, the presence of multinational companies in India has been a significant contributor to the country’s economic growth. The Indian market offers vast potential for international businesses, and several companies have leveraged this opportunity to establish themselves as global players. Indian MNCs are playing a crucial role in shaping the global business landscape with their growing international presence.
In this article, we have looked at the top 26 successful MNC in India that have made their mark in various sectors, including technology, hospitality, and more. These companies have not only brought in foreign investment but have also created job opportunities for millions of people across the country. With the Indian economy poised for further growth, it will be interesting to see how these companies evolve and contribute to India’s development in the years to come.
FAQs
What are MNCs?
MNCs, or Multinational Companies, are enterprises that operate in multiple countries, including India.
Which is the top MNC in India?
Tata, Wipro, Nestle India, Aditya Birla, and Infosys are some of the top MNC in India.
How are the top MNCs in India determined?
The ranking of top MNCs in India is usually based on various factors, including revenue, market share, brand reputation, growth rate, and social impact.
How many MNCs are there in India?
There are over 290,000 MNCs in India.
How do MNCs contribute to the Indian economy?
MNCs play a crucial role in the Indian economy by bringing in foreign direct investment, creating job opportunities, introducing new technologies, enhancing skill development, and contributing to the country’s export and tax revenues.
Are there any challenges that MNCs face while operating in India?
MNCs in India may encounter challenges such as regulatory complexities, cultural differences, competition from local players, and managing diverse markets across different states and regions. However, successful companies adapt and navigate these challenges to thrive in the Indian market.
