Apple has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world\u2019s second-largest smartphone market where it has struggled against cheaper products from rivals.<\/p>\n\n\n\n
The phones are being assembled at Taipei-based contract manufacturer Foxconn\u2019s India factory India factory, helping the Cupertino, California-based company avoid high levies on the import of fully-built devices as well as meet local sourcing norms for opening its own retail stores in India.<\/p>\n\n\n\n
IPhone XR boxes with an \u201cAssembled in India\u201d tag were seen on Monday in many of the country\u2019s electronic product retailers, including Croma, with a price tag of 49,900 Indian rupees ($704) for the 64 GB version.<\/p>\n\n\n\n
The company has slashed iPhone XR prices in India to counter a prolonged sales slowdown amid fierce competition from premium smartphones from Samsung and OnePlus.<\/p>\n\n\n\n
Earlier this year Reuters had reported that the company would assemble its top-end iPhones in India.<\/p>\n\n\n\n
Apple did not immediately respond to a request for comment.<\/p>\n\n\n\n
Prime Minister Narendra Modi\u2019s government has tried to position South Asia\u2019s third-biggest economy as a hub for smartphone manufacturing.<\/p>\n\n\n\n
Companies such as Apple are also looking to use India as an export hub to soften the impact of an ongoing trade war between the United States and China.
CNBC<\/p>\n","protected":false},"excerpt":{"rendered":"
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