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    Home / News / Business News / Apple makes all iPhones cheaper in India
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    Apple makes all iPhones cheaper in India
    Pro models have seen first-ever price reduction in India

    Apple makes all iPhones cheaper in India

    By Akash Pandey
    Jul 26, 2024
    04:25 pm

    What's the story

    Apple has announced a 3-4% price cut across its entire iPhone range, marking the first time the tech giant has reduced prices of its Pro models.

    The reduction will allow customers to save between ₹5,100 to ₹6,000 on Pro or Pro Max models.

    This move comes in response to a decrease in basic customs duty on mobile phones from 20% to 15%.

    Local impact

    Made-in-India iPhones also see price decrease

    The price reduction also extends to the Made-in-India iPhones, including the iPhone 13, 14, and 15 models, which have seen a cut of ₹3,000.

    The iPhone SE will now be cheaper by ₹2300.

    Traditionally, the company phases out Pro models after launching new ones, clearing old inventory through selective discounts by dealers and resellers.

    However, this time around, Apple has taken a different stance on Pro models following the customs duty cut announced in Budget 2024.

    Duty reduction

    For India-made phones, only GST at 18% is levied

    Customs duty has also been reduced for printed circuit board assemblies and chargers for mobile phones.

    Imported smartphones sold in India currently attract an 18% GST and a total of 22% customs duty (20% basic and 2% surcharge). The additional surcharge is fixed at 10% of the basic customs duty.

    With the recent cut in taxes, the total customs duty on imported phones comes to 16.5% (15% basic and 1.5% surcharge).

    For India-made phones, only GST at 18% is levied.

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