According to an official poster, the iPhone 12 will retail for under Rs 40,000. However, the exact pricing details remain unclear, and more information is expected in the coming days.
During the Amazon Great Freedom Festival sale, the iPhone 12 (128GB) is available for Rs 60,900 (MRP Rs 69,900). The iPhone 13 is retailing at Rs 68,900 against the MRP of Rs 79,900.
"We are proud to be starting production of iPhone 12 in India for our local customers," Apple said in a statement on Thursday, without naming the supplier making the smartphone.
Made-in-India iPhone 12 doesn t mean lower costs
While there is no duty levied on CKD units, duties are levied on imports of parts which vary with components. Effectively the duty still comes to 10-12 per cent even if the brand is manufacturing in the country
Nidhi Singal | March 12, 2021 | Updated 01:17 IST
Apple iPhone 12
India being an important and maturing market for Apple, the company has now started manufacturing iPhone 12 in India. But while domestic manufacturing might help Apple offer aggressive price later this year, there isn t going to be any immediate cost-benefit that will be passed on to the consumer. The manufacturing of the iPhone 12 has commenced at the Foxconn facility in the country and the made-in-India handset is expected to hit the stands in a month or two.