India’s Tata Group acquires Apple supplier, Justech
India’s Tata Group has acquired Chinese iPhone supplier Justech’s India unit in a $100 million deal that expands the conglomerate’s place in Apple’s supply chain.
Tata Group is an emerging partner in India for Apple. Its enormous global business gives it the scale to deliver to mass market quantities, which matters as Apple works to make all US sold iPhones in India by the end of next year.
India’s growing in the Apple pantheon
It has purchased iPhone factories run by Pegatron in India earlier this year and now makes Apple’s smartphones at three locations there. With billions invested in its supply chain, Foxconn remains Apple’s biggest iPhone manufacturer.
CNBC explains that part of Apple’s attempt to become less reliant on Chinese manufacturing rests on identifying highly localized component supply partners, but not at the cost of product quality. Justech has been an Apple supplier since 2008, manufacturing industrial equipment for use in the iPhone manufacturing chain.
India will account for around 26% of global iPhone shipments by the end of 2025, up from 20% at the start of the year, Counterpoint estimates. iPhone also now dominates India’s high-end smartphone market as Apple’s investments in building its business in India generates new sales records across its products there.
You can follow me on social media! Join me on BlueSky, LinkedIn, and Mastodon.
