Redington shares surge up to 15% as report says 25% of iPhones are made in India

Shares rise in trade.

• Redington shares jumped over 15 percent after Apple news.
• Apple now makes about 25 percent of its iPhones in India.
• Apple boosted iPhone production in India by 53% last year.

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Redington shares rose more than 15 percent on Tuesday after a news report said Apple now manufactures about a quarter of its iPhones in India.

The stock also snapped a five-session losing streak.

Shares of the company touched an intraday high of Rs 268.5 per share on the NSE, up 15.56 percent from the previous close. The stock opened 2.41 percent higher.

The shares later settled at Rs 257.4 apiece on the NSE, up 10.78 per cent.

According to a report by Bloomberg, Apple increased iPhone production in India by about 53 percent last year and now makes around 25 percent of the devices in the country.

Apple is a client of Redington and has maintained a long-term partnership with the company. Their relationship goes back to 2007, when Redington signed a distribution agreement to handle Apple products in India. Since then, Redington has been responsible for managing logistics, warehousing, and distribution, supplying Apple products to resellers and retailers across regions including India, the Middle East, Turkey, Africa, and South Asia.

Apple now makes about 25% of iPhones in India after China pivot

Apple assembled about 55 million iPhones in India in 2025, up from 36 million units a year earlier, the report said, citing sources.

The expansion reflects the company’s efforts to diversify manufacturing and reduce exposure to tariffs on shipments from China.

Apple has accelerated its expansion in India with support from the government’s production-linked incentive scheme.

Shipments from China have faced challenges due to US tariffs imposed amid the trade tensions between the two countries. The levies have pushed Apple and its suppliers to shift a larger share of devices meant for the US market to alternative manufacturing locations.

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