Tata in Communication with Pegatron To Set up iPhone Assembly Plants By CIOTechOutlook Team

Tata in Communication with Pegatron To Set up iPhone Assembly Plants

CIOTechOutlook Team | Friday, 02 February 2024, 02:50 IST

Tata Group is in advanced talks to form a joint venture with Taiwan firm Pegatron to set up its second iPhone manufacturing unit in Hosur City, Tamil Nadu. The move will likely help Tata to speed up its plans to start iPhone manufacturing and help Apple expand its operations in India. The Taiwanese firm would provide technical and engineering support at the Hosur plant.

Till now, there has been no authority declaration by Pegatron, Goodbye or Apple. Extension in India would allow Apple to broaden its venture past China post Coronavirus disturbances. The US company could also lessen the impact of geopolitical tensions between the US and China on its business. Apple analyst Ming-Chi Kuo, the proportion of iPhones manufactured in India is anticipated to rise to 20-25% this year, up from 12-14% in 2023, as per Livemint.

The new Pegatron assembly plant will have 20 lines for the iPhone. The Goodbye bunch will possess most of the stake in the joint endeavor gathering plant.

According to one of the sources, Tata's new plant with Pegatron will have 20 lines to assemble iPhones. The Indian company will also hold a majority stake in the joint venture. Explaining the thought behind cooperation with another firm, another source said, "Goodbye can't fabricate all that without any preparation."

Presently, Goodbye runs its single iPhone gathering plant in Karnataka. The iPhone get-together unit was previously claimed by Taiwan Wistron last year.

As of now, Pegatron works at an iPhone gathering plant in Tamil Nadu and is in conversation with adding a subsequent office. It currently represents around 10% of Apple's iPhone yield in India, with Taiwan's Foxconn representing most of the rest.