Tata Group plans a new iPhone assembly plant in Hosur, will boost Apple's India production
Tata Group is gearing up to construct one of India's largest iPhone assembly plants, aligning with Apple Inc.'s strategy to expand its manufacturing footprint in the country, as per a Bloomberg report. The conglomerate plans to build the factory in Hosur, located in the southern state of Tamil Nadu, sources told the publication. The facility is anticipated to accommodate around 20 assembly lines and aims to employ around 50,000 workers within the next two years.
They added that the site is projected to be operational within 12-18 months. Both Apple and Tata did not respond to queries, the report said. The prospective plant is expected to bolster Apple's pursuit of localising its supply chain and enhance its collaboration with Tata.
The Indian group at present oversees an iPhone manufacturing unit obtained from Wistron Corp. in Karnataka. The shift in manufacturing base plays into Apple's efforts to diversify operations beyond China by fostering partnerships across India, Thailand, Malaysia, and other regions.
Tata has been proactive in its partnership with the Silicon Valley giant by expanding operations beyond conventional sectors, from salt to software, the report noted. The group has ramped up employment at its existing Hosur facility, focusing on producing iPhone enclosures, while also outlining plans to introduce 100 retail outlets dedicated to Apple products. In tandem, Apple has initiated two stores in India with plans for three more.
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