Team Blitz India
APPLE iPhone may soon get a new factory in India as the Tata Group is planning to invest in a new plant in Hosur, Tamil Nadu.
The Group already manufactures iPhones at a facility in Karnataka that it acquired from Winstron. The new Tata Group facility will be one of India’s biggest iPhone assembly plants. It is expected to have 20 assembly lines and 50,000 workers in the coming two years.
The company is looking at a 12 to 18 months timeline to make the facility operational. Both Apple and Tata may also approach the government for subsidies for the new plant.
The new facility will most likely begin production when the existing state-backed financial incentives will expire. Although the plant is expected to be much bigger than the one that Tata Group acquired from Wistron that employs over 10,000 people, it will still be mid-sized when compared to other iPhone factories globally. For reference, Foxconn’s biggest China facilities employ hundreds of thousands of people. Apple has been aggressive with its expansion in India and the new Tata Group iPhone manufacturing plant can be a home run for both the companies.
As per a Wall Street Journal report, Apple and its suppliers aim to build more than 50 million iPhones in India every year, within the next two to three years, with additional tens of millions of units planned thereafter. Apple iPhone is now more popular than ever in India and with a credible name like Tata Group associated with the product, the smartphone will reach new heights.
