TATAS IPHONE
India catching up with China, Vietnam on phone exports
India is rapidly narrowing the gap with China and Vietnam in mobile phone exports. In FY24, while mobile phone exports from China and Vietnam declined by 2.78% and 17.6% respectively, Indian exports surged by 40.5%, according to officials citing global trade data. India has captured nearly 50% of the reduction in mobile phone exports from these two countries, aligning with its objective of absorbing a significant portion of the supply chain shift from China.
Mobile phone exports: India captures 50% share of fall in shipment from China, Vietnam
India's proactive strategies in capturing supply chain shifts, coupled with diversification efforts through the China+1 strategy, have propelled the country into a leading position in mobile phone exports. The remarkable growth in exports, particularly in the iPhone segment, signifies a significant milestone for India in the global market.
Quick may click with electronics too: Instamart, BBNow, others plan to extend superfast delivery to handsets, white goods by Diwali
Swiggy Instamart, Zomato, and BigBasket plan to expand quick commerce services to electronic products and white goods categories, delivering within 10-45 minutes by Diwali.
Reliance and Tata recognised among the World's Most Influential Companies by TIME
Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, marking its second appearance in the TIME 100 list. Recognized in the 'Titans' category, Reliance has significantly impacted various sectors in India and beyond, under the leadership of Mukesh Ambani. Key initiatives include Jio Platforms, the world's largest refining complex, Reliance Retail, investments in new energy, and ambitious net zero goals. The inclusion highlights the growing global influence of Indian enterprises.
International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
Tata Electronics building hi-tech machines to make iPhone casing
Tata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.
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'Apple may employ 5 lakh people in India in 3 years': Govt sources
Apple is expected to employ over 5 lakh people in India over the next three years through its vendors and suppliers, according to government sources. This is a significant increase from the current employment figure of 1.5 lakh people. Tata Electronics, which operates two plants for Apple, is the largest job creator among Apple's vendors in India.
Tata in talks to buy Pegatron’s iPhone operations as soon as May
Tata Group close to acquiring Pegatron's iPhone production in India, strengthening Apple ties. Negotiating majority stake in assembly near Chennai. Pegatron to assist Tata with manufacturing expertise. Modi offers financial incentives to boost Apple output in India.
Apple bonanza: iPhones drive India's mobile phone exports to record $15 billion
Apple contributed 65%, or about $10 billion, double the $5 billion of phone exports from India in FY23, when the US major became the first smartphone brand to achieve this feat.
ETtech Explainer: Behind Apple’s search for Indian iCamera maker
Manufacturing and assembling camera modules is a complicated process involving multiple specialised components. Apple's move to possibly look at onboarding two Indian corporates to court Apple could be a catalyst for the country’s high-end manufacturing ambitions.
Titan, Murugappa may make iPhone camera parts to keep China out
Apple explores partnerships with Murugappa Group & Titan Company for local assembly of camera module sub-components in India, aiming to shift operations from China and strengthen the Indian supplier ecosystem.
Apple users hit by spyware attack; placement blues at IITs
iPhone maker Apple has warned its users in India and 91 other countries that they were possible victims of a “mercenary spyware attack”. This and more in today’s ETtech Top 5.
Apple's India iPhone output hits $14 billion: report
Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, a Bloomberg report said, citing people familiar with the matter.
How Tata is putting the roar in the Make-in-India lion
Tata Group's strategic moves in high-tech manufacturing, including semiconductor investments and potential Pegatron acquisition, align with India's Make-in-India program. The Tata Group is poised for significant expansion in technology fields, with plans to inject over $120 billion into emerging business sectors and group focal points such as semiconductors, defense, electric vehicles, and Air India.
Tata Group in talks to acquire majority stake in Pegatron's Chennai iPhone factory
Pegatron in talks to sell Chennai iPhone unit to Tata. A person in the know said the transaction amount is set to be lower than that for the Wistron deal. Experts said Apple may want the deal closed as soon as possible because it wouldn't want any ownership confusion ahead of its annual launch.
Neighbour's envy: Apple is building a 'home' for itself in India
Apple to make homes in India: Apple is strengthening its presence in India by investing in employee housing through its suppliers like Foxconn, Tata, and Salcomp. This move shows Apple's commitment to India and mirrors its successful housing model in China. As Apple expands its roots in India, it poses a challenge to China's dominance in electronics exports.
Tata likely to buy Pegatron's sole iPhone plant in India
Pegatron is in talks to transfer control of its iPhone manufacturing facility in India to the Tata Group, aiming to establish a joint venture with Tata Electronics holding at least a 65% stake. This move aligns with Apple's diversification strategy amid geopolitical tensions, strengthening Tata's position in iPhone manufacturing in India.
Apple Awas Yojana: Apple ecosystem pivots to housing factory workers after job boom
Government officials told ET that Apple’s contract manufacturers and suppliers, including Foxconn, Tata and Salcomp, are planning homes for their employees. These are being built under a public-private partnership scheme in the largest such private sector initiative. Over 78,000 units are to be constructed under the scheme, of which Tamil Nadu will get the maximum of about 58,000 units.
Apple tops in blue-collar jobs; election merchandise now on ecommerce
Apple and its supplier network have become India’s leading blue-collar job creator since the start of the production-linked incentive scheme. This and more in today’s ETtech Top 5.
Apple set to hit sweet spot with Rs 70,000-crore India sales
Analysts said the pace of expansion may slow in the next few years but will remain in the high double digits. The data cited refer to domestic sales, with iPhones accounting for 90-92% of sales. iPhone exports are not accounted for in Apple India’s books since these are global deals and the local unit is a sales entity.
Tata, Pegatron in partnership talks for iPhone assembly in Tamil Nadu
Tata Group is in advanced talks with Pegatron to form a partnership for the iPhone assembly plant in Tamil Nadu. The plant will be Tata's second facility in India and the joint venture with Pegatron will help speed up manufacturing plans. Pegatron will provide technical and engineering support at the plant.
Labour's love lost?
Hostels for 60,000 workers are being built in Tamil Nadu's Sriperumbudur as Bharat FIH and other contract manufacturers, such as Foxconn International's India unit, Pegatron, and Tata Electronics, aim to expand iPhone manufacturing in India. The rise in domestic mobile phones and electronics production in India has been fueled by the PLI scheme, resulting in $15 billion worth of exports from April to October 2023. However, the contract labor regime in India has faced worker-led disruptions and concerns of exploitation.
CCI greenlights Tata Electronics' acquisition of iPhone supplier Wistron Infocomm
This proposed deal involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The equity shares will be acquired from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.
Apple's India crop gets a boost in 2023, produces ₹1 lakh crore iPhones
The production figures achieved by Apple have exceeded the targets under the production-linked incentive (PLI) scheme and may allow the company's contract manufacturers to get more residual incentives depending on the outlay, officials said. The feat is a win for the government, which has been trying to capture the shift of supply chains out of China.
The year when the Make-in-India lion started roaring: Top 10 ventures
In 2023, India showcased significant potential in its pursuit of becoming a manufacturing powerhouse, with numerous large-scale projects either in the planning stages or already underway. The Production-Linked Incentive (PLI) scheme, covering 14 sectors, proved to be a catalyst, attracting investments exceeding Rs 95,000 crore by September. Here are some noteworthy milestones in India's pursuit of local manufacturing in 2023, particularly in the cutting-edge fields of chips and telecommunications.
Tata plans new iPhone factory to hasten Apple’s India expansion
Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, according to the people, who declined to be named discussing unannounced plans. The goal is for the site to be operational in 12 to 18 months.
India mobile phone manufacturing is worth $44 billion, exports $11 billion: Ashwini Vaishnaw
Mobile phone manufacturing in India has gone up from a miniscule number to $44 billion today, and about $11 billion worth of these handsets are exported, electronics and information technology minister Ashwini Vaishnaw said on Monday.
For workers at this iPhone plant, Tata means a fresh start
At the Narasapura facility, the recent takeover brings in hopes of better facilities, and a permanent position with Brand Tata.
In a first, Apple may develop new iPhone model in India next year: Analyst
Apple is set to enhance iPhone assembly in India, diversifying its supply chain and reducing dependence on China. Analyst Ming-Chi Kuo reveals that the iPhone 17 will be developed outside of China, with India expected to kick-off production in the second half of 2024. The proportion of iPhones manufactured in India is estimated to increase to 20-25% by 2024.
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