In a major transfer, Tata Electronics, part of the Tata Group, is ready to amplify its iPhone-casing facility in Hosur, with intentions to double its present dimension, in keeping with a report by the Financial Instances, quoting sources accustomed to the matter.
The corporate, which just lately acquired Wistron’s iPhone meeting plant in Karnataka, is strategically positioning itself to reinforce its contract manufacturing capabilities for premium digital gadgets and equipment.
The present Hosur unit, established with a considerable funding of Rs 5,000 crore, is unfold throughout 500 acres and accommodates over 15,000 staff. The proposed enlargement, anticipated to conclude inside 12-18 months, may lead to a workforce surge to roughly 25,000-28,000 people on the consolidated website.
The report quotes a senior authorities official saying, “The company is looking to expand the unit to 1.5-2 times the current size and capacity.” Whereas speculations recommend the brand new facility might primarily give attention to manufacturing elements for Apple telephones, there may be additionally a chance of catering to different high-end smartphone producers.
Trade insiders have believed for lengthy that Tata Electronics is planning to determine a serious plant in Hosur, emphasising its dedication to manufacturing cellphone elements, doubtlessly aligning with Apple’s bold export targets from India.
Tata Electronics, being the only Indian firm shortlisted by Apple as a vendor, is enjoying a pivotal position in diversifying Apple’s manufacturing operations away from China, significantly within the manufacturing of iPhone enclosures.
This enlargement aligns seamlessly with Apple’s overarching technique to bolster smartphone manufacturing inside India.
The Cupertino-based tech large has steadily elevated its reliance on Tata Electronics to fulfill the escalating demand for iPhone exports. Notably, within the second quarter of this yr, Apple surpassed Samsung to turn out to be the main smartphone exporter from India, commanding 49 per cent of the nation’s complete shipments in comparison with its Korean counterpart’s 45 per cent.
The newest estimates point out that Apple has exported iPhones value over $5 billion within the first seven months of FY24 (April-October) from India, marking a outstanding year-on-year development of 177 per cent. This underscores the mutually useful partnership between Tata Electronics and Apple, additional solidifying India’s position in world smartphone manufacturing.
(With enter from companies)