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The report also indicates that Foxconn will be responsible for manufacturing of iPhones in India as opposed to Wistron which is now manufacturing lower-end, budget iPhone models in the country. It has been slow to move production to India in stark contrast to other major global smartphone makers, such as OnePlus, Samsung, Oppo and Xiaomi, who have invested heavily in their Indian plants, according to Xinhua.

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The report said the plan to have Hon Hai assemble high-end iPhones is aimed at lessening the impact of the ongoing trade dispute between the United States and China on Apple and the Taiwanese contractor. Foxconn will be doing this job in Sriperumbudur, Tamilnadu, where it already has a huge mobile manufacturing unit.

Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp's local unit in the Bengaluru technology hub.

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Citi Research on Friday slashed its first-quarter production estimates for Apple iPhones and almost halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.

The move will be a first for Foxconn, which has never produced top-end iPhones in the country. However, the current between the USA and China has played a major role in the company's strategy going forward.

Three sources cited by Reuters today said the company has tapped Foxconn for the project. Due to import taxes, an iPhone XS 64GB now costs $1421 Dollars in India! Remember that India has levels of duty for imports, which will be reduced by locally made devices - though we don't know if iPhone components will be manufactured in the country. The press service of Apple and Foxconn did not comment on this event.

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