Tata Electronics exports neared ₹1 lakh crore in FY26, but wider losses and higher foreign-exchange outgo expose India's manufacturing challenge. Despite being a late entrant, Tata Electronics has remarkably surpassed Taiwanese giant Foxconn in assembling iPhones for export from India, demonstrating a significant shift in the. Foxconn's lead in overall production value is largely driven by its stronger presence in the domestic market Despite entering the iPhone assembly business much later than.