Business conglomerate Tata Group is preparing for a new iPhone assembly factory in the nation, which is anticipated to go online in the holiday quarter of 2024, adding even more momentum to the “Made in India” effort.
Hosur, Tamil Nadu, is where Tata is now building the iPhone unit. More than 50,000 workers, the majority of whom will be women, are anticipated at the iPhone facility.
iPhones will be produced at the 250-acre Hosur plant using parts from a facility that Tata established a few years ago. According to reports, Tata Electronics is funding the new plant with Rs 6,000 crore.
In October of last year, the Tata Group paid $125 million to acquire the India business of Taiwanese electronics company Wistron. Apple Inc., Foxconn, Tata, and Pegatron are currently the iPhone contract producers from India.
The Tata Group was rumored to be planning to construct one of India’s biggest iPhone assembly plants in Hosur, Tamil Nadu, back in December of last year. Tata already runs the Karnataka iPhone manufacturing facility that it acquired from Wistron.
With the goal of producing over 50 million iPhones annually in India, Apple is changing the way it makes products there.
At its Sriperumbudur, Tamil Nadu factory, which is run by Foxconn, Apple has started preparing hundreds of workers for the country’s launch of the newest iPhone 16 Pro and Pro Max models following their global debut this autumn.
Following the worldwide debut, Apple plans to release its “Made in India” iPhone 16 Pro and 16 Pro Max variants in the nation.
Similar to how the iPhone 15 made its debut in the Indian market on the first day of the global sale last year, the iPhone 16 is scheduled to go on sale on same day in India. Models of the iPhone 16 Plus will soon follow.
Foxconn, a significant Apple supplier on a global scale, has made 1.4 billion dollars in investments in India so far and plans to make more. According to Young Liu, the company’s CEO and chairman, the contract manufacturing behemoth from Taiwan, its business in India has grown to the tune of $10 billion as of the previous fiscal year.
The value of Apple’s activities in India hit $23.5 billion during the most recent fiscal year (FY24).
