Tata Group to begin manufacturing iPhones at the Wistron production line it acquired in India
The India-made iPhone shipments will grow to 20 to 25 percent globally by 2024, depending on market conditions, a leading analyst projected.
This dynamic is expected to shift as Tata Group begins manufacturing iPhones at the Wistron production line it acquired in India.
According to Ming-Chi Kuo of TF International Securities, the made-in-India iPhones are projected to account for 12 to 14 percent of Apple’s global iPhone shipments this year.
In a Medium blogpost, he further predicted that the importance of the South Asian market to Apple will notably rise in the coming year.
Taiwanese giant Foxconn currently owns between 75 percent and 80 percent of India’s iPhone production capacity, said Kuo.
“By making India’s Tata an iPhone assembler (already acquired Wistron’s iPhone production lines in India), Apple can strengthen its relationship with the Indian government. This move will benefit future sales of iPhones and other products in India and is critical to Apple’s growth over the next decade,” he said.
Kuo also anticipated that Apple would begin introductory manufacturing for the regular iPhone 17, which is scheduled to appear in the second half of 2025, in India in the second half of next year.
According to him, this will be Apple’s first foray into developing a new iPhone model outside of China.
The standard iPhone is chosen for its lower-difficulty design development to reduce design risk, the analyst said.
Moreover, Kuo estimated that Foxconn’s production capacity in Zhengzhou and Taiyuan, China, will fall by 35 percent to 45 percent and 75 percent to 85 percent, respectively, by 2024.
“In addition to expanding production in India, Luxshare’s rapid increase in iPhone order allocation and improvements in production line automation are also the main reasons for the production scale reduction,” he wrote.
[With Inputs from IANS]
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