Foxconn buys equipment worth Rs 267 crore for India factory to locally make iPhone 16 Pro series

Taiwanese electronics giant Foxconn has procured equipment worth USD 31.8 million (about Rs 267 crore) for its India factory as it gears up to start manufacturing of iPhone 16 Pro Series at its Tamil Nadu unit, according to a regulatory filing and industry sources. This is the first time Apple’s high-end iPhone Pro series will be made in a country other than China.