Techno Blender
Digitally Yours.

Plans to expand Hosur Apple factory, to employ 28,000 people at it

0 27


Tata Electronics is planning to expand and double its Hosur plant, where it manufactures casings for iPhones. The Tata Group hopes to complete its expansion in the next 12-18 months, and increase its workforce at the plant from 15,000 to 28,000. Image Credit: Firstpost | Mehul Reuben Das

In a significant move, Tata Electronics, a part of the Tata Group, is set to amplify its iPhone-casing facility in Hosur, with intentions to double its current size, according to a report by the Economic Times, quoting sources familiar with the matter.

The company, which recently acquired Wistron’s iPhone assembly plant in Karnataka, is strategically positioning itself to enhance its contract manufacturing capabilities for premium electronic devices and accessories.

The existing Hosur unit, established with a substantial investment of Rs 5,000 crore, is spread across 500 acres and accommodates over 15,000 employees. The proposed expansion, anticipated to conclude within 12-18 months, could result in a workforce surge to approximately 25,000-28,000 individuals at the consolidated site.

Related Articles

Apple

Apple to let coding students work with their engineers at Cupertino, kicks off Swift Student Challenge

Apple

Apple has major plans for iOS 18 thanks to AI, will be its most ‘ambitious’ update in years

The report quotes a senior government official saying, “The company is looking to expand the unit to 1.5-2 times the current size and capacity.” While speculations suggest the new facility may primarily focus on manufacturing components for Apple phones, there is also a possibility of catering to other high-end smartphone manufacturers.

Industry insiders have believed for long that Tata Electronics is planning to establish a major plant in Hosur, emphasising its commitment to manufacturing phone components, potentially aligning with Apple’s ambitious export targets from India.

Tata Electronics, being the sole Indian company shortlisted by Apple as a vendor, is playing a pivotal role in diversifying Apple’s manufacturing operations away from China, particularly in the production of iPhone enclosures.

This expansion aligns seamlessly with Apple’s overarching strategy to bolster smartphone manufacturing within India.

The Cupertino-based tech giant has steadily increased its reliance on Tata Electronics to meet the escalating demand for iPhone exports. Notably, in the second quarter of this year, Apple surpassed Samsung to become the leading smartphone exporter from India, commanding 49 per cent of the country’s total shipments compared to its Korean counterpart’s 45 per cent.

The latest estimates indicate that Apple has exported iPhones worth over $5 billion in the first seven months of FY24 (April-October) from India, marking a remarkable year-on-year growth of 177 per cent. This underscores the mutually beneficial partnership between Tata Electronics and Apple, further solidifying India’s role in global smartphone manufacturing.

(With input from agencies)


Tata doubles down on iPhones: Plans to expand Hosur Apple factory, to employ 28,000 people at it

Tata Electronics is planning to expand and double its Hosur plant, where it manufactures casings for iPhones. The Tata Group hopes to complete its expansion in the next 12-18 months, and increase its workforce at the plant from 15,000 to 28,000. Image Credit: Firstpost | Mehul Reuben Das

In a significant move, Tata Electronics, a part of the Tata Group, is set to amplify its iPhone-casing facility in Hosur, with intentions to double its current size, according to a report by the Economic Times, quoting sources familiar with the matter.

The company, which recently acquired Wistron’s iPhone assembly plant in Karnataka, is strategically positioning itself to enhance its contract manufacturing capabilities for premium electronic devices and accessories.

The existing Hosur unit, established with a substantial investment of Rs 5,000 crore, is spread across 500 acres and accommodates over 15,000 employees. The proposed expansion, anticipated to conclude within 12-18 months, could result in a workforce surge to approximately 25,000-28,000 individuals at the consolidated site.

Related Articles

Apple

Apple to let coding students work with their engineers at Cupertino, kicks off Swift Student Challenge

Apple

Apple has major plans for iOS 18 thanks to AI, will be its most ‘ambitious’ update in years

The report quotes a senior government official saying, “The company is looking to expand the unit to 1.5-2 times the current size and capacity.” While speculations suggest the new facility may primarily focus on manufacturing components for Apple phones, there is also a possibility of catering to other high-end smartphone manufacturers.

Industry insiders have believed for long that Tata Electronics is planning to establish a major plant in Hosur, emphasising its commitment to manufacturing phone components, potentially aligning with Apple’s ambitious export targets from India.

Tata Electronics, being the sole Indian company shortlisted by Apple as a vendor, is playing a pivotal role in diversifying Apple’s manufacturing operations away from China, particularly in the production of iPhone enclosures.

This expansion aligns seamlessly with Apple’s overarching strategy to bolster smartphone manufacturing within India.

The Cupertino-based tech giant has steadily increased its reliance on Tata Electronics to meet the escalating demand for iPhone exports. Notably, in the second quarter of this year, Apple surpassed Samsung to become the leading smartphone exporter from India, commanding 49 per cent of the country’s total shipments compared to its Korean counterpart’s 45 per cent.

The latest estimates indicate that Apple has exported iPhones worth over $5 billion in the first seven months of FY24 (April-October) from India, marking a remarkable year-on-year growth of 177 per cent. This underscores the mutually beneficial partnership between Tata Electronics and Apple, further solidifying India’s role in global smartphone manufacturing.

(With input from agencies)

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment