Apple to Open New Store in Bangalore, Expanding India Presence

Apple is set to open a new store in Bangalore, India, on Sept. 2, marking its third retail location in the country. The company has been expanding its iPhone manufacturing capacity in India and has seen revenue growth of over 30% to $8 billion in the fiscal year to March 2024. Apple aims to tap into India's vast smartphone market, where iPhones account for 5% of the more than 700 million users.

Apple Inc. is set to open a new retail store in Bangalore, India, on September 2, marking the company's third retail location in the country. The new store, located in the Phoenix Mall of Asia, will join Apple's existing flagship store in Mumbai and a store in a southern Delhi mall. This expansion is part of Apple's broader strategy to tap into India's vast smartphone market, where iPhones account for 5% of the more than 700 million users [1].

In addition to its retail expansion, Apple has been significantly increasing its iPhone production in India. The company plans to manufacture all upcoming iPhone 17 models, including Pro versions, in five local factories. This move aims to reduce reliance on China for US-bound shipments and mitigate tariff risks [2, 3]. India's iPhone exports have already surged, with the US becoming the primary destination. Between April and July this year, iPhones worth $7.5 billion were shipped from India, compared with $17 billion for the entire previous fiscal year [2, 3].

Apple's revenue in India rose more than 30% to $8 billion in the fiscal year to March 2024, with the bulk of those sales coming from iPhones [1]. The company has been expanding iPhone manufacturing capacity in India as part of a shift away from China in the aftermath of harsh Covid shutdowns and Washington's trade war with Beijing. India accounts for more than a fifth of all iPhones produced, with Apple now making all four models of its iPhone 17 series in the South Asian country ahead of next month's debut [1, 2, 3].

The expansion of Apple's retail and manufacturing presence in India underscores the company's long-term strategy to make India a cornerstone of its iPhone manufacturing strategy. Despite the uncertain US trade environment, Apple remains committed to diversifying a chunk of its production away from China. The company expects a $1.1 billion hit from tariffs in the current period, underscoring the need for production diversification [2, 3].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-21/apple-expands-india-push-with-new-store-in-bangalore-next-month
[2] https://m.economictimes.com/industry/cons-products/electronics/apple-said-to-manufacture-all-iphone-17-models-in-india/articleshow/123404638.cms
[3] https://www.bloomberg.com/news/articles/2025-08-19/apple-expands-iphone-production-in-india-for-us-bound-new-models