India’s role in Apple’s production network is getting bigger again. According to reports cited by The Economic Times and other local outlets, Tata Electronics has received another 15 billion rupees in fresh funding from the Tata Group as the company keeps expanding its iPhone manufacturing business.
Regulatory filings submitted to India’s Registrar of Companies show that the Tata Group injected a total of 30 billion rupees into Tata Electronics during fiscal 2026, with the latest round completed last month. The company also doubled its authorized share capital to 200 billion rupees in the previous fiscal year, a move that points to a much larger long-term capital plan.
Tata also increased the authorized capital of Tata Electronics Products and Solutions by 35 billion rupees, bringing that figure to 62.5 billion rupees. That entity holds Pegatron Technology India, where Tata Electronics bought a 60 percent controlling stake last year. The filings said the increase was made to support business operations, but the broader signal is pretty clear: Tata is building out more manufacturing capacity for Apple-related work.
Analysts quoted in the report said the steady cash injections and balance-sheet strengthening reflect continued support from the parent group for expansion. Alongside Foxconn, Tata Electronics is now one of Apple’s biggest India production partners for the iPhone.
Valuation changes also show how fast Tata Electronics has been moving. The latest funding round was priced at 62 rupees per share, compared with 10 rupees per share in earlier rounds completed in 2023, 2024, and January 2025. That jump suggests the market is assigning a much higher value to Tata’s growing position in the Apple supply chain.
Financially, the company has scaled up quickly. Consolidated operating revenue for fiscal 2025 rose to 66.206 billion rupees from 3.752 billion rupees a year earlier, according to the source report. That kind of growth fits with Tata’s aggressive expansion in electronics assembly and higher-end manufacturing.
Counterpoint Research data cited in the report says more than 70 percent of iPhones sold in the United States are now made in India. Apple has also told analysts that the vast majority of iPhones sold in the US market come from India, while products such as the Mac, iPad, and Apple Watch are mainly produced in Vietnam.
The same market data shows India’s share of global electronics assembly climbed from 5.8 percent in 2022 to 22.2 percent in 2025. It is expected to reach 25 to 30 percent in 2026 and 30 to 35 percent in 2027. For Apple, that means India production is no longer just a supplemental manufacturing base. It’s becoming a core part of the company’s global supply strategy.
Foxconn remains the largest iPhone assembler in India for now, with Tata in second place after buying Wistron’s India factory and taking control of Pegatron’s local business. Over the next two years, Tata’s share of iPhone assembly in India could reach 10 to 15 percent, according to the report.
Beyond smartphone assembly, Tata Electronics is also pushing deeper into semiconductors. The company plans to invest about $14 billion in a wafer fabrication plant in Gujarat and is also developing a chip assembly and testing facility in Assam, extending its reach across more of the electronics value chain.
