News on Medial

Apple may need to turn to China after Tata plant fire

Economic TimesEconomic Times · 2m
Apple may need to turn to China after Tata plant fire

- A fire at Tata Group's iPhone component plant in India could hamper production ahead of the festive season sales surge. - The fire has caused an indefinite production halt at Tata's Hosur plant in Tamil Nadu, the only Indian supplier of iPhone back panels and some other parts. - India's iPhone sales during the festive season could be impacted by up to 15% due to the fire. - Apple may offset the impact by importing more components and re-routing export inventory towards India. - Apple suppliers typically carry a three- to four-week stock of back panels, which could prevent an immediate impact on production. - If the production suspension continues, Apple may consider setting up another assembly line in China or adding shifts there to secure parts for India's iPhone manufacturers.

Comments

Download the medial app to read full posts, comements and news.