# India's iPhone exports hit a record Rs 2 lakh crore in FY26.

*business · news · 2026-04-30 · Lokmat Times*

## Key points

- India's iPhone exports reached Rs 2 lakh crore in FY26, surpassing diamonds and fuels.
- Apple is now India's largest branded export across all Harmonised System product categories.
- Over 75% of India's smartphone exports are iPhones, totaling more than $22 billion.
- John Ternus will become Apple's CEO on September 1, 2026, with Tim Cook as executive chairman.

**Companies:** Apple
**Countries:** India, United States

[Read the full story on Lokmat Times](https://www.lokmattimes.com/business/pli-booster-apple-iphone-exports-hit-record-rs-2-lakh-crore-in-fy26/)

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