Prime Highlight:
- Tata Group has expanded its iPhone manufacturing footprint by acquiring Justech Precision Industry’s India unit for around $100 million.
- The move aligns with Apple’s strategy to shift iPhone production to India, aiming to manufacture all U.S.-bound iPhones domestically by 2026.
Key Facts:
- The acquisition, completed through Titan Engineering and Automation, transfers Justech’s Tamil Nadu operations, formerly a key Apple supplier, to Tata’s control.
- Tata now runs three iPhone factories in India and is expected to increase its production share as part of Apple’s growing “Make in India” initiative.
Background
Tata Group has expanded its iPhone manufacturing capabilities with the acquisition of Justech Precision Industry’s India unit for about $100 million. The deal was carried out through Titan Engineering and Automation, a subsidiary of the Tata Group, and was completed in August. HSBC Bank and HDFC Bank advised on the transaction
Justech Precision, based in Kunshan, China, has been a long-time supplier to Apple since 2008. It provides industrial equipment such as computer-controlled machines used in making parts for Apple’s main assembler, Foxconn. Its India branch, located in Tamil Nadu, will now come under Tata’s control.
This acquisition comes as Apple increases its manufacturing base in India to reduce dependence on China. Apple plans to make all iPhones for the U.S. market in India by the end of 2026.
Tata Group has already become one of Apple’s key partners in India. In January, Tata Electronics reportedly bought a 60% stake in Pegatron’s Indian plant, which also produces iPhones. The group currently runs three iPhone factories, two in Tamil Nadu and one in Karnataka.
Industry experts say the deal will help Tata expand faster and give Apple a stronger, local supplier network. According to Counterpoint Research, Foxconn currently makes two-thirds of iPhones in India, but Tata’s share is expected to rise as it increases capacity.
The acquisition highlights India’s growing importance as a global smartphone manufacturing hub, supported by Prime Minister Narendra Modi’s “Make in India” initiative.
