Apple is reportedly eyeing to build India a major iPhone production hub. India's electronics manufacturers are emerging with the developing manufacturing ecosystem.
Apple reportedly eyes 10 million iPhone production in India in 2023
Bloomberg, quoting sources, reported that Apple manufactured approximately 200 million iPhones worldwide in 2022, with 6.5 million of them maufactured in India. The company aims to boost its iPhone output in India to 10 million in 2023, with the potential to exceed 15 million units in 2024.
Chip shortage may continue to disrupt India's automobile manufacturing in fiscal
According to Business Standard, Maruti Suzuki, India's largest carmaker, said in a statement that despite the efforts to minimize the impact resulting from the chip shortage, the company does not rule out the possibility of negative impacts on its production in fiscal 2024 (April 2023 to March 2024).
India may become the second-largest solar module manufacturer after China
According to PV Tech, a report by the Institute for Energy Economics and Financial Analysis and JMK Research & Analytics forecasted that the solar module production capacity in India is expected to grow from 18GWh in 2022 to 110GWh in 2026, with cell production capacity expected to rise from 4.3GWh to 59GWh for the same period.
India's EMS provider to make PCBs for smart wearables
The Economic Times reported that India-based Dixon Technologies and Optiemus Electronics, two major Indian smartwatch and headphone manufacturers, have begun producing PCB for their clients for wearables and hearables, further increasing the value addition in the consumer devices and highlighting the emergence of India's local EMS players.
Tejas Networks secures large order for pan-India router network
The Economic Times reported that Tejax Networks, a subsidiary of Tata Group, obtained an INR6.96 billion (US$84.92 million) pan-India router network deal from India's state-owned telecom operator BSNL. Tejas Networks is among the beneficiaries under India's PLI scheme for telecom and networking products.