Despite being a late entrant, Tata Electronics has overtaken Taiwanese electronics manufacturing services (EMS) giant Foxconn to grab a larger share of assembling iPhones, which are exported from the country, during the five-year production linked incentive (PLI) scheme period between financial year 2021-22 (FY22) and FY26. According to data provided by vendors to the government, iPhones assembled by Tata Electronics, which were exported in this five-year period, were pegged at a value of $26.3 billion compared to Foxconn, which was behind at $25.6 billion. Closing the Gap in Total Production Not only that, Tata Electronics has been able to close in on Foxconn on its share of total production value of iPhones — exports as well as domestic market — made in the country.