Institution: Apple to increase iPhone production in India, Tata Group's assembly share expected to reach 10-15%.

According to Counterpoint's data, India's share in the global assembly business is projected to increase from 5.8% in 2022 to 22.2% in 2025. By 2026, this share is expected to reach 25-30%, and by 2027 it will reach 30-35%. Foxconn remains the largest assembler in India, followed by the Tata Group, which acquired Wistron's factory in 2023 and acquired a 60% stake in Pegatron's local factory in 2024. In the next two years, the Tata Group's iPhone assembly share is expected to reach 10-15%.