Tata Electronics has recently invested nearly $100 million in acquiring the Indian subsidiary of Justech Precision, a Chinese company. This strategic move is aimed at solidifying Tata Electronics’ position within the Apple manufacturing ecosystem.
According to an exclusive report by CNBC on October 13th, the transaction was completed in August 2025 with HSBC and HDFC Banks serving as advisors.
Headquartered in Kunshan, Jiangsu, China, Justech Precision Group is a key supplier to Apple and Foxconn. Its Indian subsidiary, established in Tamil Nadu in 2019, provides crucial precision tools and CNC machining capabilities for the production of advanced electronic products. The valuation of this acquisition reflects Tata’s strategic interest in Justech’s Apple-certified specialized technical expertise and mold manufacturing technology, rather than simply focusing on the company’s scale.
Prior to this, Tata Electronics also acquired a 60% stake in the Indian operations of Wistron Corporation, further consolidating its position in iPhone assembly and component supply. With factories in Tamil Nadu and Karnataka, Tata is accelerating India’s role as a significant hub in Apple’s global supply chain.
The acquisition is expected to attract industrial automation suppliers, MES and AI inspection solution providers, as well as IoT technology vendors. Additionally, it will create opportunities for facility management, ESG compliance, and employee training to align with Apple’s 2030 carbon neutrality goal.
Apple is expanding iPhone production in India with five factories, including Tata Group’s facility in Hosur, Tamil Nadu, and a new Foxconn (Hon Hai) plant near Bangalore Airport.
To mitigate the impact of tariffs, Apple has been gradually shifting most of its iPhone production destined for the US market from China to India, increasing the number of local iPhone factories.
Based on factory shipment prices, within the past four months since April of this year, the value of iPhones exported from India has significantly increased, reaching $7.5 billion. In contrast, the export value of Indian-made iPhones was only $1.7 billion in the previous fiscal year.
As Apple suppliers deepen their local integration, this transaction marks another milestone in India’s shift from assembly industry to precision manufacturing leadership.