US Companies in India — 2026-10-27
Recent financial filings reveal significant growth for Apple and Tesla in India for the fiscal year 2026 (ended March 2026), with Apple crossing the ₹1 lakh crore revenue mark and Tesla posting its first substantial profits. Meanwhile, Mochatrade has raised funding to facilitate Indian access to US stock markets, and US tariff policies continue to drive manufacturing shifts, with Apple reportedly moving iPhone production lines to Indian facilities.
US Companies in India — 2026-10-27
Top developments
Apple
Apple India Pvt Ltd reported a robust performance for FY26, with revenue from operations crossing the ₹1 lakh crore mark for the first time. The company recorded revenue of ₹1,03,853 crore, marking a 31% year-on-year growth, while net profit surged 66% to ₹5,311 crore. This growth was driven by a 24% rise in iPhone volumes, underscoring the Indian market's critical role in Apple's global strategy. Additionally, Apple's software segment in India saw explosive growth, with software revenue hitting ₹650 crore in FY26, up from just ₹318 crore the previous year.
Tesla
Tesla India Motors and Energy reported strong financial results for FY26, achieving a net profit of ₹5.2 crore on revenue of ₹247.3 crore. This marks a significant milestone for the electric vehicle maker as it establishes its retail and manufacturing footprint in the country. Vehicle sales accounted for nearly 87% of total sales, reflecting the early traction of Tesla's operations following its retail launch in India.
Mochatrade
Mochatrade, a crypto and fintech platform, raised $5.56 million to expand access for Indian users to US stock perpetual futures. This funding round aims to bypass traditional offshore brokerage barriers, allowing Indian traders to gain exposure to US equities through a decentralized finance (DeFi) interface. This move highlights the growing demand among Indian retail investors for direct access to American financial markets.
Deals, expansion & investment
Manufacturing Relocation to India
US companies are increasingly relocating manufacturing to India to mitigate tariff risks. A recent industry briefing highlights that US manufacturers are qualifying Indian Electronic Manufacturing Services (EMS) suppliers for electronics assembly to avoid 25% Section 301 tariffs on Chinese goods. This trend is particularly visible in the consumer electronics sector, where supply chain diversification is a priority.
Apple’s Production Shift
Reports indicate that Apple is planning to shift the majority of iPhones sold in the US to Indian production lines by the end of 2026. This reallocation involves significant capacity additions at partner facilities, including Foxconn and Tata, supported by export-linked policy incentives in India. With over 60 million iPhones sold annually in the American market, this shift represents a massive logistical and strategic pivot for Apple.
Regulation & market context
US Tariff Policies and Supply Chain
The US tariff landscape in 2026 continues to influence corporate sourcing strategies. The "US Tariffs 2026" framework has created a tariff-advantaged environment for Indian manufacturing hubs, encouraging US firms to treat India as a primary alternative to China for electronics assembly. This policy-driven shift is accelerating the maturation of India’s EMS ecosystem.
Cross-Border Compliance
In mid-2026, authorities in both the US and India promulgated changes affecting cross-border fund movements, income reporting, and workforce sponsorship. These regulatory adjustments in a compressed window are impacting how US companies manage tax credits and compliance for their Indian operations.
On the radar
- US-India Trade Deal: Negotiations for a bilateral trade deal are progressing, with reports suggesting a "narrow interim deal" is possible. Market access, agriculture, and Russian oil remain key sticking points, but a limited pact could ease policy uncertainty for US firms operating in India.
- Foreign Portfolio Investor (FPI) Outflows: Indian markets have seen significant outflows from foreign investors, with FPIs withdrawing ₹48,056 crore in October 2026 alone. This capital flight may affect the valuation of US-backed startups and listed US subsidiaries in India.
By the numbers
- ₹1,03,853 crore: Apple India's total revenue from operations for FY26.
- $5.56 million: Funding raised by Mochatrade to expand US stock perpetual futures access for Indian traders.
- ₹247.3 crore: Tesla India's revenue for FY26.
- 25%: Section 301 tariff rate on Chinese electronics assembly, driving relocation to India.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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