Tata Electronics acquired the Wistron iPhone facility in Narasapur, Karnataka in October 2023 for $ 125 million in October 2023. After that, after between 2024, the company showed a boom in the operations and the annual production of the plant has crossed Rs 40 thousand crore. This production was done between January and December 2024. Business Standard Key Report According to the company’s production growth has increased by 180 percent. Whereas last year it was only Rs 14,300 crore.
77% of the production of the plant is being exported to outside countries. In this context, the company has managed to establish itself as a big player in India’s iPhone Export Market. Tata Electronics has also increased its workforce. The company has increased the direct recruitments by 63 percent. It was on the figure of 19 thousand in 2023, which increased to 31000 in 2024. Due to this increase in the workforce, the Narasapur plant has now become the second largest iPhone manufacturing facility in India.
If we talk about the total iPhone exports in India, then Tata Electronics holds 29 percent of it. In this context, the company has emerged as the second largest exporting company of the iPhone. Not only Apple, the company is now planning on participation with legendary smartphone makers like Xiaomi and Oppo. After which the client portfolio of the company will be even bigger. Tata Electronics is increasingly increasing its electronics manufacturing service (EMS) business.
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