StartupTalky

Tag: Tamil Nadu Tata Electronics

  • Tata Electronics will Purchase a 60% Share in the iPhone Plant in Tamil Nadu

    According to a media citation, Tata Electronics plans to establish a new joint venture (JV) to purchase a 60% majority stake in Taiwanese contract manufacturer Pegatron’s iPhone facility in Tamil Nadu. According to the report, the action will improve Tata’s standing as an Apple supplier in its supply chain in India.

    Partnership Plan

    According to the plan, Pegatron would own the remaining 40% of the joint venture and offer technical support, while Tata Electronics would own 60% and manage day-to-day operations.

    The report added that the sources did not go into detail about the financial components of the arrangement, stating that details are not yet public. Internally, inside the iPhone plant, the contract was announced on November 15. Tata and Pegatron would submit a request for permission to the Competition Commission of India (CCI) “in the coming days.”

    Tata Has Become Preferred Partner of iPhone

    According to a media outlet in April, Pegatron is in advanced negotiations to sell the Tata Group its sole iPhone production facility in India, which is located close to Chennai.

    Apple has supported the purchase, sources informed the agency at the time. About 10,000 people work at Pegatron’s India plant, which produces 5 million iPhones a year. Tata is currently establishing an iPhone assembly factory in Hosur, Tamil Nadu, where Pegatron is anticipated to become a joint venture partner. The company already runs an iPhone assembly unit in Karnataka, which it acquired from Taiwan’s Wistron last year.

    In Light of the US-China Trade Tensions, Apple May Boost iPhone Manufacturing in India

    According to a report by a renowned media outlet, if US President Donald Trump fulfills his warning of enacting high taxes on Chinese imports, Apple Inc. could dramatically expand its iPhone manufacturing in India, possibly reaching $30 billion yearly over the next two years.

    The current estimated yearly value of Apple’s iPhone production in India is $15–16 billion. However, Apple may decide to move more manufacturing operations to India in response to Trump’s earlier warnings to put 60–100% taxes on Chinese goods, a position he reaffirmed during his campaign. According to the source, Trump imposed tariffs on Chinese goods during his first term, and analysts think he could use a similar tactic in his second term to strengthen India’s position in Apple’s global production network. A large rise in iPhone manufacturing might improve trade dynamics overall and cement Indo-US economic ties. According to the analysis, the electronics sector in India, especially the production of iPhones, stands to gain significantly, even though other industries may see difficulties.

    According to an official cited in the report, a possible boost in iPhone production may greatly benefit India, particularly in the electronics sector. According to experts, Apple may decide to move a sizable amount of its iPhone manufacturing to India as a result of Trump’s tariff policies, especially those pertaining to Chinese imports. Such a move would probably result in the creation of up to 200,000 new jobs and increase India’s manufacturing share of iPhones from the current 12 to 14% to over 26% in the upcoming years.

    List of All the Tata-Owned Companies | Tata Group
    Tata Group of Industries is an Indian multinational conglomerate founded by Jamshedji Tata. Here’s a list of all the companies owned by Tata.
    StartupTalkyVivek Dev Jacob

  • Following the Hosur Fire, Tamil Nadu Gives Tata Electronics a Show-Cause Notice

    After a significant fire occurred at one of Tata Electronics’ manufacturing facilities last month, the Tamil Nadu government served the company with a show-cause notice. According to a report by a well-known media outlet, the notification was delivered by the Directorate of Industrial Health and Safety, asking for an explanation about the occurrence.

    As stated in the report, an official pointed out that the company is required to answer within a week unless they request an extension. The warning was issued to the plant manager and the “occupier,” as is common in such instances.

    According to the Factories Act, the “occupier” is responsible for ensuring the health, safety, and welfare of the workers and has the final say over how a factory operates. In corporations, the occupier is usually one of the directors.

    The article further stated that the show-cause notice required that Tata Electronics submit its findings and listed the malfunctioning thermostat control at the anodising factory as the likely cause of the incident. Companies may provide alternate explanations based on independent investigations, or they may accept the government’s logic in certain situations.

    An Incident Involving Fire at the Tata Electronics Facility in Hosur

    The fire at Tata Electronics‘ Hosur facility had a “most probable cause,” according to the state Directorate of Industrial Health and Safety. The incident, which happened in late September, entailed a fire at one of the company’s production facilities that provides Apple with accessories.

    There were reportedly more than 1,500 workers inside the plant when the fire broke out. The business confirmed the fire occurrence in a statement and guaranteed that all emergency procedures were followed to protect the safety of every employee. Tata Electronics said that they were looking into what caused the incident and that they will take the necessary precautions to protect their stakeholders and staff.

    Media reports state that the Uddanapalli mobile accessory painting unit is where the fire originated. After being transported to a private hospital, three workers who had respiratory problems were said to be in stable condition.

    Assembly Activities for the iPhone are Disrupted

    Tata Electronics was about to start production at its iPhone assembly plant in the Koothanapalli neighbourhood of Hosur when the event happened. With the acquisition of the unit of Taiwanese electronics maker Wistron, which has been in the works for the past two years, this will be the company’s second assembly plant for the iPhone.

    The iPhone assembly plant is projected to cost roughly INR 6,000 crore, which is the same amount that Tata Electronics invested in the component manufacturing that supplies Apple. It is anticipated that the combined facilities will generate over 50,000 jobs, most of which will go to women. With an estimated 35,000–40,000 employees, the iPhone assembly plant alone is expected to rank second in size among Apple’s Indian manufacturing sites, after Foxconn’s Tamil Nadu plant.

    Ratan Tata’s Legacy: Tata Group Titans Dominating 2024
    Discover how Tata Group’s market leaders are shaping industries in 2024, driven by Ratan Tata’s enduring vision and leadership.
    StartupTalkyArchana Karthikeyan