Tata Electronics Suspends iPhone Case Production: No Impact on Exports for 3 Months

By By Rediff Money Desk, New Delhi
Sep 30, 2024 19:44
Tata Electronics has suspended iPhone case production following a fire at its Hosur facility, but shipments will not be affected for the next three months due to existing stock. The company is working on resuming production.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Sep 30 (PTI) Tata Electronics has suspended production of iPhone 15 and iPhone 16 cases following a fire, though shipments will not be impacted as enough stocks are available for next three months, sources aware of the development said on Monday.

A massive fire broke out at a chemical godown of the electronics component factory of Tata Electronics in Hosur, Tamil Nadu in the wee hours of Saturday.

"Apple and Tata Electronics officials have held meetings to review the situation. Tata Electronics has not given any timeline to resume production of iPhone cases. The production at the moment has been suspended indefinitely," a source aware of the development told PTI.

Tata Electronics is the first known Indian company that has been shortlisted by Apple for supply of iPhone components.

"Tata Electronics will have some visibility on resuming production by the end of October 1st week," the source said.

Queries sent to Tata Electronics and Apple did not elicit any response.

Another source said that disruption in production at the Tata facility will not hamper shipment of iPhone cases.

"Apple has stock of iPhone cases for about the next three months. The company has also started working on an import plan for cases thereafter. There seems to be no impact on iPhone cases shipments from India due to the fire incident at Tata Electronics," the source said.
Source: PTI
Read More On:
appleproductionexportselectronicsshipmentstamil nadutata electronicsfiresupply chainhosuriphone cases
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Delhi Govt Begins Budget Prep for 2025-26:...

The Delhi government has initiated budget preparation for 2025-26, urging departments...

Sebi Approves 'Light-Touch' Rules for Passive...

Sebi board has approved relaxed rules for passive mutual fund schemes, aiming to...

RRBs to Boost Credit in Northeast India

Finance Minister directs Regional Rural Banks to increase credit disbursement under...

Sebi Introduces New Asset Class for High-Risk...

SEBI introduces a new asset class with a minimum investment of Rs 10 lakh, aimed at...

Hydra Trading Sells RBL Bank Stake for Rs 152...

Hydra Trading has sold a 1.24% stake in RBL Bank for over Rs 152 crore through an open...

Sebi Introduces New Asset Class, Liberalizes MF...

Sebi's board approved a new asset class for high-risk investors, relaxed regulations...

TAC InfoSec Revenue Up 17% in FY24 |...

TAC InfoSec reports a 17% rise in revenue for FY24, reaching Rs 11.8 crore. The company...

Interest Equalisation Scheme Extended for...

India's government extends the interest equalisation scheme for exporters until...

Care Health Insurance Retains Rashmi Saluja on...

Care Health Insurance has decided to retain Rashmi Saluja as chairperson despite...

Max Estates Sells Rs 4,100 Cr Worth Housing in...

Max Estates' new project in Gurugram, 'Estate 360', has achieved Rs 4,100 crore in...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com