Tata's Strategic Move in Chennai's iPhone Manufacturing Landscape
Monday, 18 November 2024, 02:17
Tata Expands iPhone Manufacturing in India
Tata Electronics has made a significant acquisition by securing a majority stake in Pegatron's iPhone plant located in Chennai. Under this new joint venture, Tata will control 60% and oversee daily operations while Pegatron retains the remaining share, providing essential technical support.
Importance of the Acquisition
- This partnership strengthens Tata's capacity as a key supplier for Apple.
- As geopolitical tensions escalate, Apple is diversifying its supply chain beyond China.
- Tata aims to enhance its manufacturing capabilities, competing directly with Foxconn, the other major iPhone assembler in India.
Future Developments
- The two companies are expected to seek approval from the Competition Commission of India soon.
- Tata has recently taken over an iPhone assembly plant from Wistron and aims to ramp up production significantly.
With an estimated 10,000 employees and an annual output of 5 million iPhones, this facility marks a pivotal development in Tata's manufacturing strategy in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.