[🇮🇳] Indian Economy watch- All new developments.

[Krishna with Flute]

Tata Electronics looks to double Apple iPhones enclosures production in India to one lakh​

Story by TOI Business Desk
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2 min read

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Tata Electronics is substantially increasing its iPhone enclosure manufacturing capacity at their Hosur facility, according to sources familiar with the matter. The production expansion initiative by Tata Electronics aligns with recent declarations from Apple CEO Tim Cook regarding India's future role as the primary manufacturing destination for US-bound iPhones.



"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's Q1 earnings call on May 1.

"Tata Electronics is looking to double its existing capacity of around 50,000 enclosures," one person told ET. "The ramp-up will likely take place ahead of the product launches that Apple does around September every year. This is Phase II of the build-out at the Hosur facility."

The source indicated that before the September last year fire incident at the unit, Tata Electronics had reached a production capacity of approximately 50,000 enclosures. The fire incident necessitated a temporary halt to their swift expansion plans.


Tata Electronics looks to double Apple iPhones enclosures production in India to one lakh
"It took some time for them to get back on track post the fire," another person said. "But the capacity is at pre-fire levels now."

Vietnam will be the primary source for nearly all iPad, Mac, Apple Watch and AirPods products destined for the US market.

The announcement regarding India by Cook signified a crucial change in the production approach of the Cupertino-based organisation, confirming its intention to diversify manufacturing operations beyond China.



Apple's India-based suppliers are actively pursuing this manufacturing opportunity.

Also Read | Turnaround from importer to exporter! India now shipping Apple product components to China & Vietnam

Tata Electronics acquired a majority 60% ownership in Pegatron Technology India (PTI) earlier this year. This followed their previous acquisition of Wistron's India operations (situated in Narsapura, Karnataka) in March 2024. These moves indicated the company's efforts to enhance its position in Apple's global value chain (GVC).

Additionally, the financial daily reported last week that Jabil, another Apple supplier, planned to increase its AirPods casings production in India.

These developments indicate Apple's broader strategy to expand its supplier network beyond China, considering global tariff uncertainties and the ongoing trade tensions between Washington and Beijing.



Foxconn's Indian operations have significantly benefited from this shift. The Taiwanese contract manufacturer has substantially increased its mobile assembly investments in India, with further growth anticipated.

The organisation is establishing a substantial factory in Bengaluru and has launched a new facility in Hyderabad focused on AirPods production, demonstrating its expansion into diverse manufacturing sectors in India.

Also Read | Dealing with Trump’s tariffs: Apple exports 97.6% of iPhones to US from India to preempt higher tariffs on imports from China

MSN

 

[Krishna with Flute]

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Here we analyze why Foxconn left it's India chip making project​

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Foxconn: Apple supplier drops out of $20bn India factory plan​

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Annabelle Liang
Business reporter

Reuters
Apple supplier Foxconn has pulled out of a $19.5bn (£15.2bn) deal with Indian mining giant Vedanta to build a chip making plant in the country.

The move comes less than a year after the companies announced plans to set up the facility in Prime Minister Narendra Modi's home state of Gujarat.

Some analysts say it marks a setback to the nation's technology industry goals.

However, a government minister says it will have no impact on the country's chip making ambitions.
"There was recognition from both sides that the project was not moving fast enough," Taiwan-headquartered Foxconn said in a statement.

"There were challenging gaps we were not able to smoothly overcome, as well as external issues unrelated to the project," the firm added.

Earlier on Tuesday, Foxconn told the BBC that the decision was made in "mutual agreement" with Vedanta, which has assumed full ownership of the venture.

It added that it would "continue to strongly support the government's 'Make in India' ambitions".

New Delhi-based Vedanta said it had "lined up other partners to set up India's first [chip] foundry".

• iPhone maker to shift to cars as US-China ties sour
• India targets China's dominance in mobile phones

"The surprise pull-out of Foxconn is a considerable blow to India's semiconductor ambitions," Paul Triolo from global advisory firm Albright Stonebridge Group told the BBC.

"The apparent cause of the pull-out is the lack of a clear technology partner and path for the joint venture," he added. "Neither party had significant experience with developing and managing a large-scale semiconductor manufacturing operation."

However, Rajeev Chandrasekhar, India's Minister of State for Electronics and Information Technology, said on Twitter that Foxconn's decision had "no impact on India's semiconductor fab[rication] goals. None."

Mr Chandrasekhar added that Foxconn and Vedanta were "valued investors" in the country and "will now pursue their strategies in India independently".

Modi Govt clears ₹1.25 Lakh Cr Tech Push; 6th semiconductor unit in Jewar gets Cabinet nod​

New Delhi, May 14 2025 (ANI): Union Minister Ashwini Vaishnaw said, "Union Cabinet has approved India's 6th semiconductor unit in Jewar, Uttar Pradesh. Under India Semiconductor Mission, 5 semiconductor units have been approved so far and rapid construction is going on there. Production at one unit will begin this year. In this connection, there is one more super-advanced unit. This is a joint venture of HCL and Foxconn..." See less

 

[Bilal9]

Tata Electronics looks to double Apple iPhones enclosures production in India to one lakh​

Story by TOI Business Desk
• 21h•
2 min read

In this article

AAPLRising fast

2317Rising fast
3231Earnings miss
View attachment 17334
Tata Electronics is substantially increasing its iPhone enclosure manufacturing capacity at their Hosur facility, according to sources familiar with the matter. The production expansion initiative by Tata Electronics aligns with recent declarations from Apple CEO Tim Cook regarding India's future role as the primary manufacturing destination for US-bound iPhones.



"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's Q1 earnings call on May 1.

"Tata Electronics is looking to double its existing capacity of around 50,000 enclosures," one person told ET. "The ramp-up will likely take place ahead of the product launches that Apple does around September every year. This is Phase II of the build-out at the Hosur facility."

The source indicated that before the September last year fire incident at the unit, Tata Electronics had reached a production capacity of approximately 50,000 enclosures. The fire incident necessitated a temporary halt to their swift expansion plans.


Tata Electronics looks to double Apple iPhones enclosures production in India to one lakh
"It took some time for them to get back on track post the fire," another person said. "But the capacity is at pre-fire levels now."

Vietnam will be the primary source for nearly all iPad, Mac, Apple Watch and AirPods products destined for the US market.

The announcement regarding India by Cook signified a crucial change in the production approach of the Cupertino-based organisation, confirming its intention to diversify manufacturing operations beyond China.



Apple's India-based suppliers are actively pursuing this manufacturing opportunity.

Also Read | Turnaround from importer to exporter! India now shipping Apple product components to China & Vietnam

Tata Electronics acquired a majority 60% ownership in Pegatron Technology India (PTI) earlier this year. This followed their previous acquisition of Wistron's India operations (situated in Narsapura, Karnataka) in March 2024. These moves indicated the company's efforts to enhance its position in Apple's global value chain (GVC).

Additionally, the financial daily reported last week that Jabil, another Apple supplier, planned to increase its AirPods casings production in India.

These developments indicate Apple's broader strategy to expand its supplier network beyond China, considering global tariff uncertainties and the ongoing trade tensions between Washington and Beijing.



Foxconn's Indian operations have significantly benefited from this shift. The Taiwanese contract manufacturer has substantially increased its mobile assembly investments in India, with further growth anticipated.

The organisation is establishing a substantial factory in Bengaluru and has launched a new facility in Hyderabad focused on AirPods production, demonstrating its expansion into diverse manufacturing sectors in India.

Also Read | Dealing with Trump’s tariffs: Apple exports 97.6% of iPhones to US from India to preempt higher tariffs on imports from China

MSN

iPhone enclosures? Meaning the cases for the phones? This is an injection molded plastic item, or sometimes made with aluminum. Tata Hosur plant used to make watches, they can make these.

But what specifically about plastic cases makes India the hotbed for iPhone mfg.?

• This will last only the tariff war lasts between China and US- which is a big bluff by the incumbent US administration. Once import tariffs for Chinese items are lowered in US, this advantage is gone for India.
• It costs 5-8% more to manufacture iPhones in India compared to China - long term manufacturing prospects are zero.
• The Chinese are reported to be blocking export of Chinese made advanced iPhone parts from China to India, they CAN do that.
• The challenges of setting up the advanced technological base to manufacture iPhones in India are way too large compared to China.

So - despite Indian propaganda and feel good back-slapping in India, ain't happenin'.

Look at facts....

 

[Krishna with Flute]

iPhone enclosures? Meaning the cases for the phones? This is an injection molded plastic item, or sometimes made with aluminum. Tata Hosur plant used to make watches, they can make these.

But what specifically about plastic cases makes India the hotbed for iPhone mfg.?

• This will last only the tariff war lasts between China and US- which is a big bluff by the incumbent US administration. Once import tariffs for Chinese items are lowered in US, this advantage is gone for India.
• It costs 5-8% more to manufacture iPhones in India compared to China - long term manufacturing prospects are zero.
• The Chinese are reported to be blocking export of Chinese made advanced iPhone parts from China to India, they CAN do that.
• The challenges of setting up the advanced technological base to manufacture iPhones in India are way too large compared to China.

So - despite Indian propaganda and feel good back-slapping in India, ain't happenin'.

Look at facts....

Try your best. The fact of the matter is that our Mobile phone export is as much as half of BD's total export. 75% of that is I phone. Your wishful thinking of India's export will down once tariff issue is resolved has no base as Apple is investing Rs. 15000 crore in India for capacity expansion. India is going to the international hub of Apple production of Apple. In some time, I phone export from India will cross total export of BD.

 

[Krishna with Flute]

Indian Railways' first 9,000 HP electric locomotive engine inaugurated by PM Modi; unveils Dahod's loco workshop - Top facts​

Story by TOI Business Desk
• 3h•
2 min read

Indian Railways’ first 9,000 HP electric locomotive engine was unveiled by PM Narendra Modi in Dahod on Monday. PM Modi inaugurated the locomotive manufacturing shop at Dahod's rolling stock workshop. PM Modi was accompanied by Union Railway Minister Ashwini Vaishnaw and Gujarat CM Bhupendra Patel.

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PM Modi is on a two-day tour of Gujarat on May 26 and 27, during which he will inaugurate multiple development initiatives in Dahod, Bhuj, and Gandhinagar. These projects, including significant Indian Railway undertakings and state government schemes, are collectively worth more than Rs 24,000 crore.

India’s first 9,000 HP locomotive & Dahod locomotive workshop: Top Things to Know​

• The Dahod locomotive manufacturing workshop's foundation stone was laid in 2022 and within a span of 3 years, this production facility stands completed.
• The Railway Ministry project has been built with an investment of Rs 21,405 crore.
• The 9,000 HP locomotive engine has been manufactured as part of the 'Make in India' programme, according to an official statement.

Indian Railways' first 9,000 HP electric locomotive engine inaugurated by PM Modi; unveils Dahod's loco workshop - Top facts

• The locomotive engines produced at this facility will be capable of transporting 4,600 tonnes of freight, with plans to manufacture roughly 1,200 engines within the next decade.
• The facility's manufacturing setup can produce 120 locomotives yearly, with the capability to increase output to 150 units per annum based on market requirements
• The facility is dedicated to manufacturing 9000 HP electric locomotives, serving both domestic requirements and export purpose
• These powerful engines will enhance the cargo-carrying capabilities of Indian Railways' network.

Indian Railways' first 9,000 HP electric locomotive engine inaugurated by PM Modi; unveils Dahod's loco workshop - Top facts

• The locomotives incorporate regenerative braking technology and feature energy-efficient designs, supporting eco-friendly railway operations.
• The Dahod railway production facility will generate employment for 10,000 individuals and stimulate the regional economy.

MSN

 

[Krishna with Flute]

Japan enters top five export markets for India-made cars​

Story by TOI Business Desk
• 3h•
2 min read

Japan enters top five export markets for India-made cars
NEW DELHI: Japan has become one of the top five destinations for Indian car exports for the first time in FY25, signaling growing global demand for vehicles manufactured in India, even from advanced markets.

Major Indian exporters like Suzuki Motor Corp and Honda Motor Co's local units are increasingly using India as a global production base.

According to commerce ministry data compiled by SIAM, car exports to Japan jumped to $616.45 million in the first nine months of FY25, up from $220.62 million in all of FY24.

Although official data for the March quarter is still awaited, industry sources expect exports to Japan to grow further, especially after Maruti Suzuki began shipping its Jimny SUV to the country in January.

"Over decades, we have built a base in quality, cost, efficiency and technology in car manufacturing. This has given us volumes and economies of scale," senior executive officer at Maruti Suzuki India, Rahul Bharti told the Economic Times.

He further noted that the company plans to export large number of e Vitara electric SUVs, produced in India, to European markets and Japan.

Japan, a significant automobile manufacturer and exporter, shipped 5.12 million vehicles in 2024.


Related video: India has become the world's 4th largest economy, surpassing Japan (Live Mint)

India has become the world's 4th largest economy, surpassing Japan


Honda Cars India exported 45,167 units of SUV Elevate, predominantly to Japan, surpassing its domestic sales of 22,321 units. Maruti Suzuki offers SUVs Fronx and Jimny in Japan.

Significantly, Suzuki temporarily suspended new Jimny five-door bookings due to overwhelming post-launch demand, receiving approximately 50,000 orders within four days in Japan.

"Indian OEMs have been not only expanding into key markets such as Africa and Latin America but are also beginning to enter developed markets (like Japan) with globally competitive models," Shailesh Chandra, president, Society of Indian Automobile Manufacturers said.

In the two-wheeler sector, Yamaha intends to begin exporting premium motorcycles to Japan soon. Itaru Otani, chairman, Yamaha Motor India Group, stated, "The sourcing cost, the labour cost, is quite low in India compared to other countries."

"We are exporting nearly a third of our output to 58 countries already. We started exports to Europe from India at the end of last year. The next step is to ship to other advanced markets like Japan and the US," Otani added.

India's automobile exports increased by 15% to 770,364 vehicles last fiscal year, significantly outperforming domestic sales growth of 2% at 4.3 million vehicles.

While compact passenger vehicles constitute over 27% of exports, measuring up to 4 metres in length and up to 1.4-litres, compact SUVs of similar dimensions are gaining prominence.