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NEW DELHI, Oct 15 (Reuters) - Apple is lobbying India's government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say. The push coincides with Apple's growing India presence as it diversifies beyond China. Counterpoint Research says iPhone's share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% ...Read More >
CHENNAI: Foxconn Technology Group, the Taiwanese contract manufacturer best known for assembling Apple's iPhones, has recently recalled several hundred Chinese engineers and technicians from its operations in India. This development marks a significant challenge for Apple's strategic shift to diversify its production base outside of China, especially as it prepares to ramp up manufacturing of the upcoming iPhone 17. According to a Bloomberg report, more than 300 Chinese staff have already exite ...Read More >
BENGALURU, June 5 (Reuters) - In a major expansion of their partnership, Apple has entrusted India's Tata Group with handling after-sales repairs for iPhones and MacBooks in the rapidly growing Indian market. This move further cements Tata's rising stature as a key player in Apple's global supply chain, according to two people familiar with the development. The decision is part of Apple's broader push to reduce its manufacturing dependency on China and strengthen its foothold in India, the worl ...Read More >
NEW DELHI: Tata group will buy into the India operations of Apple's manufacturing partner Pegatron almost a year after acquiring the business of another supplier Wistron. The deal will make the company one of the biggest contract suppliers to the American electronics giant, along with Taiwanese giant Foxconn. Tata group, which has been making inroads into manufacturing ecosystem of Apple and has started making latest generation of iPhone 16, will be buying around 60% in operations of Pegatron ...Read More >
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