Tata Electronics has overtaken Taiwanese electronics manufacturing services (EMS) giant Foxconn to grab a larger share of assembling iPhones, which are exported from the country, during the five-year production linked incentive (PLI) scheme period between financial year 2021-22 (FY22) and FY26. iPhones assembled by Tata Electronics, which were exported in this five-year period, were pegged at a value of $26.3 billion compared to Foxconn, which was behind at $25.6 billion. Not only that, Tata Electronics has been able to close in on Foxconn on its share of total production value of iPhones exports as well as domestic market made in the country. With a total production value of $35.5 billion between FY22 and FY26, it has a 46.01 per cent share. In comparison, Foxconn continues to lead with a production value of $38 billion in what is a two-way battle. Is the the end of Foxonn for assembling iPhones ?
