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Apple may need to turn to China after Tata plant fire

Economic TimesEconomic Times · 1m
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.

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