Redington Shares Surge by 15% Amid Reports of Growing iPhone Manufacturing Presence in India

Redington Shares Surge 15% on Apple's Increased iPhone Production in India

On Tuesday, Redington shares rose by over 15% after a report revealed that Apple now manufactures around 25% of its iPhones in India. This news snapped a five-session losing streak for the company.

Redington shares touched an intraday high of Rs 268.5 per share on the National Stock Exchange (NSE), a 15.56% increase from the previous close. The stock opened 2.41% higher and later settled at Rs 257.4 apiece on the NSE, up 10.78%.

According to a report by Bloomberg, Apple increased iPhone production in India by approximately 53% last year. Apple has maintained a long-term partnership with Redington, with their relationship dating back to 2007. Redington has been responsible for managing logistics, warehousing, and distribution for Apple products in regions including India, the Middle East, Turkey, Africa, and South Asia.

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Apple assembled around 55 million iPhones in India in 2025, a significant increase from the 36 million units produced a year earlier. This expansion reflects Apple's efforts to diversify manufacturing and reduce exposure to tariffs on shipments from China. The company 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 trade tensions between the two countries.