I wonder where they will setup base. For eg, Nothing has factories in the Southern state of Tamilnadu.
A more pertinent question is whether Apple will reduce iPhone's pricing in India. iPhones have a relatively low market share in India and part of the reason is the very expensive price. However, this premium price also leads people to save up for iPhones since they become to be seen as more of a valuable fashion accessory than just a smartphone. Previous generation iPhones often are on sale for this reason.