Tata Electronics stepped up its production of Apple's iPhone in 2024 and now accounts for around 26 percent of the iPhones made in India, the Business Standard has reported.
The Tata Group company, which acquired Wistron's iPhone facility in, Karnataka’s Narsapura for $125 million in October 2023, significantly increased its production, exports and direct employment to meet the needs of the iPhone-maker during the year, the report said.
The Narsapura plant’s annual production jumped to over Rs 40,000 crore in 2024, a whopping 180 percent increase from the previous year.
Moneycontrol could not verify the report independently.
The company also saw a 125 percent spike in annual exports, which stood at Rs 31,000 crore during the year. Its headcount went up 63 percent from 19,000 in 2023 to 31,000 in 2024, the report said.
Tata Electronics production of iPhone components hit a bump after a major fire broke out at its facility near Hosur in Tamil Nadu’s Krishnagiri district in September. It took firefighters multiple days to douse the fire, which severely damaged the unit. The company has since ramped up its manufacturing.
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