Tata Electronics Rides High on Apple's India Manufacturing Surge

Tata Electronics is reaping big rewards as Apple ramps up iPhone production in India, a move that’s shaking up the global tech supply chain.

A recent report highlights that iPhone shipments to the U.S. made up nearly 37% of Tata Electronics’ revenue in FY25, bringing in over ₹23,112 crore. This massive boost shows how India is becoming a key player in iPhone manufacturing, with Tata leading the charge.

In FY25, Tata Electronics saw its revenue skyrocket to ₹66,601 crore—a ninefold jump from the previous year. The company’s growth took off after it acquired Wistron’s iPhone assembly plant near Bengaluru in March 2024, now called Tata Electronics Systems Solutions.

Alongside a new factory in Hosur, Tamil Nadu, Tata is now producing all four iPhone 17 models in India, a first for the country at a product launch. This has put Tata at the heart of Apple’s strategy to diversify production away from China, driven by U.S.-China tensions and tariff policies.

Tata’s rise hasn’t stopped there. By snapping up a 60% stake in Pegatron’s Chennai iPhone plant, the company now handles nearly half of India’s iPhone output, giving giants like Foxconn a run for their money. The U.S. market has been a goldmine, with exports fueling Tata’s growth. But it’s not all smooth sailing—high costs led to a ₹825 crore net loss in FY24. Still, Tata’s betting big on the future, pouring ₹6,000 crore into its Hosur plant.

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Beyond manufacturing, Tata’s eyeing Apple’s retail space, planning to open 100 exclusive stores across India. This bold move could create thousands of jobs and cement India’s role as a global tech hub. With Apple leaning heavily on Indian production, Tata Electronics is well-positioned to keep growing, proving that India’s manufacturing ambitions are more than just talk—they’re a game-changer.