Tata Deepens Apple Ties with $100M Buyout of Chinese Supplier’s India Unit

Tata Electronics, a Tata Group company, has acquired the India operations of Chinese industrial automation firm Justech Precision for approximately $100 million. This strategic move strengthens Tata’s position in Apple’s global supply chain, especially as Apple ramps up iPhone production in India.

Key Details:

• Justech Precision: Headquartered in Kunshan, China, Justech has supplied high-precision CNC machinery to Apple vendors like Foxconn since 2008.
• India Presence: Justech launched its Indian subsidiary in Tamil Nadu in 2019, aligning with Apple’s growing manufacturing footprint in the region.
• Deal Finalized: The acquisition was completed in August 2025, with HSBC Bank and HDFC Bank advising on the transaction.
• Tata’s Apple Ambitions: This follows Tata’s earlier acquisition of a majority stake in Pegatron’s India operations, signaling its aggressive push to become a key iPhone assembler.

This acquisition not only boosts Tata’s manufacturing capabilities but also reflects Apple’s broader strategy to diversify its supply chain away from China and deepen its India operations.

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Move	Description	Strategic Impact
Acquisition of Wistron’s iPhone plant (2023)	Tata took over Wistron’s iPhone assembly facility in Karnataka	Became India’s first homegrown iPhone assembler
Majority stake in Pegatron India (2024–25)	Tata acquired a controlling interest in Pegatron’s Chennai operations	Strengthened iPhone assembly capacity and workforce
Acquisition of Justech India (2025)	Bought Chinese supplier Justech’s Tamil Nadu unit for ~$100M	Gained precision tooling and automation capabilities
Hiring push for iPhone production	Tata plans to hire 20,000+ workers for iPhone lines	Supports Apple’s goal to shift 25% of iPhone production to India
Diversification into components	Tata is exploring semiconductor packaging and camera module production	Aims to become a vertically integrated Apple supplier