Apple is expanding its manufacturing footprint in India, tapping into enticing subsidies offered under the production-linked incentive scheme. Pegatron, one of Apple's contract manufacturers, has entered the Indian market as a result.
Tata, a giant in India's corporate landscape, already operates an iPhone assembly plant near Chennai, acquired from Wistron last year. Plus, there's another factory under construction on its Hosur campus, set to join Tata's portfolio once the deal is sealed.
In a bold move, Tata Group is now in advanced talks to acquire Pegatron Corp.'s iPhone operations in India, potentially opening its first iPhone production facility. This isn't Tata's first rodeo in iPhone assembly; they ventured into it by purchasing Wistron Corp's Karnataka facility in 2017.
This expansion is part of Apple's strategy to diversify its manufacturing away from China and mitigate geopolitical risks. With India offering lucrative incentives for production, Apple suppliers are keen to make their mark. Pegatron, with two iPhone plants already operational and another on the way near Chennai, will lend its manufacturing expertise to Tata Electronics Ltd. Sources hint that the deal might be sealed by May, ushering in a new era for iPhone production in India.
For consumers, this growth in iPhone manufacturing in India could also mean better availability and possibly more competitive prices, encouraging users to upgrade and sell their old iPhones online at cash2phone.
Tata Group, renowned for its diverse business ventures, is now poised to make a mark in electronics production. Since establishing their plant in Tamil Nadu, they've aggressively pursued opportunities in iPhone manufacturing, even securing assembly orders from Apple for recent models.
This move by Apple underscores its commitment to reduce reliance on China, especially amid the COVID-19 pandemic and escalating tensions. By leveraging India's incentive schemes, Apple aims to strengthen its supply chain resilience.
As negotiations progress, Tata Group is on the brink of acquiring Pegatron's iPhone units, signaling a significant milestone in India's electronics industry. With over 10,000 workers expected to be part of the joint venture, Tata is poised to play a pivotal role in shaping India's smartphone manufacturing landscape.
In a rapidly evolving global market, this deal signifies a strategic shift towards diversification, with India emerging as a key player in Apple's expansion plans. Stay tuned as the saga unfolds, promising exciting developments ahead!. This will indeed be an interesting move for indian audience. and will make huge impact on manpower in India.
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