Key Points
New Delhi: Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET...
Tata group acquired its local operations for $125 million (1,000 crore) in November last year, becoming the first Indian company to manufacture iPhones...
But as the ecosystem develops, Indian companies are proving major players. "Not only iPhone production, but even components and sub-assemblies are being handled by Indian firms, thereby creating the whole ecosystem," said an executive in the electronics industry...
Apple is building a large ecosystem of Indian suppliers to support the shift of a significant chunk of production from China, where most iPhones are currently made...
Tata Electronics is one of the key component suppliers for Apple, making enclosures and other parts for iPhones at its Hosur facility...
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