Murugappa Group and Tata group’s Titan Company to assemble — and, possibly, manufacture — sub-components for iPhone camera modules, people aware of the matter told ET.
If talks fructify, the Indian supplier ecosystem will deepen for the Cupertino company as it shifts more of its operations away from China.
At present, Apple does not have Indian suppliers for the camera module embedded in its iconic phones, several models of which are now assembled in India. “Partnering either with Titan or Murugappa Group could address this issue,” said one of the people cited above.
“In a timeframe of five to six months, they (Apple) will have finalised which is the (partner) to bet on,” said a person in the know.
Camera assembly initially
The camera module is a critical component that is currently one of the “biggest challenges for Apple in India,” another person said.
Titan specialises in precision components manufacturing for its watches and jewellery.
Chennai-headquartered Murugappa Group is an over 100-year-old industrial house with sprawling interests across engineering, financial services and chemicals.
ET reported on April 11 that Apple is looking to move at least half of its supply chain to India, as well as increase local value addition from suppliers by