Apple has finally started selling its top-end iPhone model iPhone XR, launched last year near Chennai, through the unit of Taiwanese electronics manufacturer Foxconn.
The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.
While there has been considerable speculation that manufacturing locally might reduce the cost of production and bring down prices, an expert said since this is only an assembly unit and the components are still being imported, costs will not come down significantly.
Josh Foulger, managing director, Foxconn India and