From Assembling iPhones to Global Prominence: Tata Electronics’ Bold Move in Smartphone Manufacturing
Tata Electronics made waves with its recent acquisition of a 100% stake in Wistron India, marking a strategic move to boost its capabilities in smartphone manufacturing, particularly in assembling Apple iPhones. This groundbreaking deal positions Tata Electronics as the first Indian company to join the elite group of iPhone manufacturers , a significant achievement. The focus of this acquisition extends to the Hosur plant, a sprawling facility spanning 500 acres and currently employing over 15,000 individuals. Tata Electronics has ambitious plans to double the size of the plant within the next 12 to 18 months, aiming to create a workforce of 25,000 to 28,000. The timeline for this expansion is set to be completed within the next year to a year and a half. This collaboration with Apple is not just about assembling iPhones; it signifies a pivotal role for India in the global smartphone manufacturing landscape. The partnership diversifies Apple’s manufacturing operations away ...