Reportedly, Pegatron Corp, a Taiwanese firm that provides products to Apple Inc. (AAPL), is in talks to construct a second production plant in India. The proposed plant is expected to be located in close proximity to Chennai, a city in the southern state of Tamil Nadu, just six months following the opening of the company’s initial facility in the country, which cost $150 million. India has been recognized as a promising market for Apple, with smartphone exports valued at around $9 billion from April 2022 to February 2023, with iPhones accounting for more than 50% of these exports, as per the India Cellular and Electronics Association.
Pegatron is responsible for roughly 10% of Apple’s iPhone production in India each year, according to research firm Counterpoint. Due to growing trade tensions between China and the United States, Apple and its key suppliers have been relocating production to other regions, and Pegatron has been expanding its operations in Southeast Asia and North America in recent years. Talks for the new Pegatron facility are ongoing, and the plant will be situated inside Mahindra World City near Chennai, in the same vicinity as the company’s first plant which was inaugurated in September 2022.
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