Tata's ₹6,000cr Hosur iPhone plant to begin operations in November
Tata Electronics is set to commence operations at its new iPhone manufacturing plant in Hosur, Tamil Nadu, in November, according to Business Standard. The facility, which represents an investment of ₹6,000 crore by Tata Electronics, will be the second iPhone assembly plant for the company following its acquisition of Wistron's unit. This development marks a significant expansion of Apple's production capabilities in India.
Tata's new facility to create 50,000 jobs
The Hosur facility is expected to create approximately 50,000 jobs within the next two years, with a majority of these positions being filled by women. This employment figure places the plant second only to Foxconn's Apple iPhone facility in Tamil Nadu in terms of staff strength. The Hosur plant is currently undergoing rigorous testing of equipment and production lines to ensure it can meet high demand expectations.
Tata's Hosur facility aligns with Apple's expansion strategy
The establishment of the Hosur facility aligns with Apple's strategy to expand its manufacturing footprint in India. The plant is part of a broader effort by Apple to diversify operations beyond China and strengthen partnerships across India, Thailand, Malaysia, and other regions. This move is expected to bolster Apple's pursuit of localizing its supply chain and enhance its collaboration with Tata Electronics.
Tata and Apple aim for significant production increase
Apple and its suppliers have set an ambitious goal to manufacture over 50 million iPhones annually in India within the next two to three years. They also plan to produce tens of millions of additional units in subsequent periods. This target is part of a broader strategy by Apple to shift 10% of its global iPhone manufacturing capacity to India by 2025-26, leveraging the government's production-linked incentive scheme.
