Tata Electronics has seen a significant surge in its iPhone production, reaching over Rs. 40,000 crore in 2024. This marks a 180% year-on-year growth.
The Tata Group company, which took over Wistron's iPhone facility in Narsapura, Karnataka for $125 million in October 2023, now accounts for around 26% of India's total iPhone production, as per Business Standard.In 2024, Tata Electronics ramped up its production, exports, and workforce to meet Apple's increasing demand.
The Narsapura plant's annual production value soared, reflecting the strong growth in the sector. Exports also experienced a notable 125% increase, reaching Rs.
31,000 crore, as reported by Communications Today.Also read: Meta to lay off 5% of staff due to performance concerns, plans to hire replacementsThis production boost has made Tata Electronics a key player in India's iPhone manufacturing, alongside Apple's other suppliers, Foxconn and Pegatron.
The company's efforts led to a 63% rise in direct employment at its iPhone assembly operations. The workforce grew from 19,000 in 2023 to 31,000 in 2024, making the Narsapura plant the second-largest iPhone manufacturing facility in India based on job creation.