Tata Electronics buys Chinese iPhone supplier Justech’s India unit
Tata signs are visible during the opening of the TATA EV charging center in Mumbai, India, on September 9, 2025.
Indranil Aditya | Nurfoto | Getty Images
Tata Electronics has acquired the India unit of Chinese industrial company Justech Precision for about $100 million, according to two sources familiar with the matter; The Tata Group subsidiary is increasing its manufacturing capacity to take advantage of Apple’s focus on iPhone production in India.
According to sources close to the deal, the transaction was completed in August with HSBC Bank and HDFC Bank advising.
Justech Precision, headquartered in Kunshan, Jiangsu, China, has been a supplier to Apple since 2008. It supplies Foxconn, the world’s largest assembler of Apple products, with industrial equipment such as computerized numerical control machines used for precision cutting and manufacturing tasks.
Justech Precision Industry India, which was founded in late 2019 and is headquartered in the southern Indian state of Tamil Nadu, did not respond to CNBC’s requests for comment, and neither did Tata Group. Tata Electronics declined to comment.
In January, Tata Electronics reportedly acquired a 60% stake in the Taiwanese contract manufacturer Pegatron’s India operation, which operates an iPhone factory Reuters reported. The value of the deal was not disclosed.
The acquisitions were made under the name Tata Electronics. iPhone assembly begins in India in 2023Aims to expand production capacity as Apple plans Supply all iPhones for the US market from India by the end of 2026.
Apple, which still manufactures most of its smartphones in China, is moving away from China due to high tariffs and geopolitical tensions and is taking immediate steps to build capacity in India with contract manufacturers Tata Electronics and Foxconn.
Foxconn still accounts for two-thirds of India’s total iPhone shipments, with the remaining third coming from Tata, according to Neil Shah, co-founder and vice president of market research firm Counterpoint Research. Neil Shah thinks the market share may change soon as Tata increases its production.
Tata is currently working Two facilities in the southern Indian state of Tamil Nadu and one in neighboring Karnataka formerly owned by Wistron.
Made in India until 2026
Prime Minister Narendra Modi has worked to promote India as a smartphone manufacturing hub in recent years; He was willing to embrace Apple and use it as a symbol to attract other high-tech firms to the country for production and development.
However, Apple also encountered difficulties in its initial production attempts in the country; the most significant of which was a Wistron factory in Bengaluru for assembling older model iPhones that was the scene of labor unrest in late 2020.
Shah said Apple is looking to bring in “highly localized” partners to become “truly diversified” rather than bringing Chinese or Taiwanese partners to India and depending on them, but finding alternatives for components sourced primarily from Chinese suppliers could take years.
“Creating a similar supplier ecosystem as in China will be a marathon and a step-by-step process, not a sprint,” Shah added.
According to Counterpoint’s latest forecast, India will account for around 26% of global iPhone shipments by the end of 2025; This rate is higher than 20% at the beginning of the year.
Apple’s Chief Operating Officer Jeff Williams visited Justech’s innovation exhibition center in Jiangsu During his trip to China in March He pledged to continue large-scale investment in the country.
