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Tata Group to boost Apple iPhone production in India with new Tamil Nadu factory

Published Dec 08, 2023 09:26
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HOSUR, India - The Tata Group is set to significantly expand Apple (NASDAQ:AAPL)'s manufacturing footprint in India by establishing a new factory in Tamil Nadu, aiming to provide employment for 50,000 people and set up approximately 20 assembly lines. This development comes as part of a broader strategy to reduce Apple's reliance on Chinese manufacturing and increase its production capacity in India.

The new facility, which is expected to become operational between late-2024 and mid-2025, will be located in Hosur, Tamil Nadu. It represents a strategic move by Tata Electronics to enhance its presence in the technology manufacturing sector. The plan includes the launch of a new mid-sized iPhone assembly line within the next year and a half. In addition to this significant expansion, there are plans to open about a hundred Apple-exclusive retail stores across India.

This initiative is not only poised to create substantial job opportunities but also aligns with Apple's goal of diversifying its production base. Last fiscal year, India assembled over $7 billion worth of iPhones, accounting for nearly seven percent of Apple's global production volume. With the new facility in place, there are ambitions to increase this figure so that one-quarter of all iPhones sold worldwide will be manufactured in India.

The upcoming factory will complement Tata's existing operations at their current site in Hosur, which produces iPhone enclosures. As the current state-backed financial incentives are anticipated to end, both Tata and Apple might seek further government subsidies to support this new venture.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Tata Group to boost Apple iPhone production in India with new Tamil Nadu factory
 

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