Tatas invest ₹1,500 crore in Tata Electronics for iPhone production
after close1 source ↓written by the desknot a recommendation
- in Tata Electronics
- ₹1,500 crore
- over the past
- ₹4,500 crore
- also doubled
- ₹20,000 crore
The Tata group has invested an additional ₹1,500 crore in Tata Electronics, raising total capital infusion to ₹4,500 crore over the past year. This funding aims to expand the company’s capacity as it manufactures iPhones under contract for Apple, with a significant portion exported to the US and Europe. The authorized share capital has also doubled to ₹20,000 crore, indicating potential for further investments.
Not investment advice. For informational purposes only.