In the last few years, manufacturing and exports of iphones of American devices maker Apple in India has increased. Tata Electronics, a Tata Group company, also manufactures this smartphone for Apple. Tata Electronics has bought a 60 percent controlling stake in the manufacturing pegatron of the iPhone in the country.

Under this deal, teams of Tata Electronics and Pegatron will be integrated. Apart from this, there will be Rebranding of Pegatron. Tata electronics Told that this acquisition will strengthen its position as a major company in the country’s electronics manufacturing sector. Recently, Tata Electronics was approved to purchase this stake from the Competition Commission of India. Last year, the company bought a business of another Apple contract manufacturer Wistron in the country.

Taiwan’s Pegatron factory is near Chennai in Tamil Nadu. The factory has about 10,000 workers. It manufactures around 5 million iPhones annually. Apple’s largest contract manufacturer in the country is Foxconn of Taiwan. The smartphone market in the country can be more than $ 50 billion (about 4.2 lakh crore rupees) this year. This market is estimated to increase by six percent on a year-on-year basis. Indian customers have increased towards premium smartphones. This is increasing the smartphone market in terms of value. Along with this, export of smartphones from the country can also increase.

According to a report by market research firm counterpoint, this year, the average selling price (ASP) in the smartphone market in the country may exceed $ 300 (about Rs 25,900). This will be a major reason behind the smartphone market being over $ 50 billion. The market was about $ 38 billion (about 3.2 lakh crore rupees) in 2021. In the last few years, sales of premium segment smartphones of Apple, OnePlus and Samsung have increased rapidly. It has been reported in this report that customers are now liking smartphones more in the premium and ultra-pramium segment. Apple and Samsung are two major companies in this segment. Demand may be high for Pro models of Apple’s iPhone series.