February 27, 2017 | Updated at 09:43 PM EST The Latest Entertainment & Celebrity News

Apple iPhone 8 News: Made In India Version Will Cost Cheaper [Video]

India is all set to receive its first iPhone manufacturing plant, as Apple reportedly intends to start production of iPhones from a Bengaluru-based plant from April 2017. The iPhone 8 will allegedly be manufactured here, which will reportedly lower its price.

By Harsh Soni, EnStars on Jan 10, 2017 11:04 AM EST
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Apple iPhone 8
Apple's new iPhone is expected to include features such as high-resolution displays, wireless charging. all-glass chassis, cutting edge biometric technology and 3-D sensors.
(Photo : Sean Gallup/Getty Images)

India is all set to receive its first iPhone manufacturing plant, since Apple has reportedly means to start production of iPhones from a Bengaluru-based plant from April 2017. The iPhone 8 will supposedly be manufactured here, which will reportedly reduce its price.

According to News Nation, the Cupertino giant might begin manufacturing in Bengaluru as soon as April. Therefore, it is safe to assume that the speculated iPhone 8 smartphone may be manufactured in India too. And, if rumours are to be believed, Apple will restrict itself to specific gadgets initially and will gradually increase the production thereon.

Apple had been in talks with the Indian government for quite some time now regarding the Made in India initiative. CEO Tim Cook's visit to India and his subsequent meeting with the Indian Prime Minister Narendra Modi has only added fuel to the fire.

Mac World notes that every component; every element of the iPhone is made and sourced from a different country, as does manufacturing and assembly.

Apple bears more than 12 percent manufacturing and production costs as import and excise duties on iPhones. If the phone will be manufactured in India, these costs may be eliminated.

With the manufacturing costs going down, it follows that Apple will pass this on to its consumers and thus, the iPhone could possibly cost much less. 

According to the reports, although Apple is keen to start production in India, the Indian government is not yielding to the company's request of special subsidies. Union Trade minister, Nirmala Sitharaman has also said that the government would not be granting Apple any special tax incentives, for manufacturing the iPhone 8 in India.

However, the US iPhone maker is reportedly still in hot water with the Indian government because it is refusing to give tax benefits to the company. Apple is still set to meet up with senior officials from ministries, including IT and finance, on January 25 to deliberate its request on setting up a manufacturing unit in India.

 

 

 

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