A greenfield venture of the Tata Group manufactures precision electronic components, Tata Electronics is planning to hire nearly 35000 people.
Why is Tata Electronics hiring?
As reported by Business Standard, Tata Electronics, which is expanding its iPhone assembly hub at Koothanapalli in Tamil Nadu’s Hosur, is set to increase its employee strength by 175 percent to 55,000 from 20,000 now and to hire nearly 35000 people.
This expansion aligns with the company’s strategic emphasis on scaling up operations and ramping up production. By doing so, Tata Electronics is poised to address the escalating demand for iPhones not only within India but also in other markets.
The surge in hiring at Tata Electronics coincides with reports indicating ongoing discussions between the company and Pegatron Corporation, to acquire its unit near Chennai.
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Tata Electronics acquired Wistron’s domestic operations in November last year for $125 million, becoming the first Indian company to manufacture iPhones.
This move underscores Tata Electronics’ commitment to strengthening its manufacturing capabilities and supply chain, positioning itself to capitalize on the burgeoning smartphone market while fostering partnerships for sustained growth and competitiveness.
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Other Agreements
Tesla has entered into a strategic agreement with Tata Electronics to procure semiconductor chips for its global operations.
The discreetly executed deal positions Tata Electronics as a supplier for leading global clients, aiming to establish a crucial segment of their semiconductor value chain in India, according to an ET report.
Details regarding the value and specific terms of the deal between Tesla and Tata Electronics remain undisclosed, as neither company has officially commented on the agreement.
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