Foxconn India production scale + import-duty rationalisation will likely shrink the India-US price gap from 50% to 25%.

iPhone production at Foxconn India crossed 25% of global volume in 2025 and will hit 40% by 2027. Combined with the government's gradual import-duty rationalisation on smartphones, the India-US price gap for iPhones (currently around 50% higher in India) will likely shrink to 20-25% by 2027. For Indian buyers, the rational waiting period for major iPhone purchases just got longer. iPhone 17 Pro at launch in India will likely sell for ₹1.4-1.5L; the same model will probably hit ₹1-1.1L by mid-2027 as local production scales. For buyers who can wait, the price compression is concrete and substantial.