Apple To Expand Indian Footprint As Tata Sets Up Country's 4th iPhone Assembly Plant: Report
Portfolio Pulse from Ananthu C U
Apple Inc. (NASDAQ:AAPL) is set to open its fourth iPhone assembly plant in India, established by Tata Electronics in Hosur, Tamil Nadu. The plant will begin operations in November and is expected to employ over 50,000 workers. This expansion is part of Apple's strategy to increase its manufacturing capacity in India, which is projected to account for 20%-25% of total iPhone shipments this year.
August 19, 2024 | 8:37 am
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Apple Inc. is expanding its manufacturing footprint in India with a new iPhone assembly plant set up by Tata Electronics in Hosur, Tamil Nadu. This move is expected to significantly increase India's share of global iPhone shipments.
The new assembly plant will increase Apple's manufacturing capacity in India, which is a key market for the company. This expansion aligns with Apple's strategy to diversify its production base and reduce dependency on China, potentially leading to increased revenues and market share.
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