Tata Group to Manufacture iPhones in India Following Acquisition of Wistron Business
Tata Group, a prominent Indian conglomerate, is poised to commence iPhone assembly in India after acquiring Wistron Corp's Indian manufacturing unit.
The sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125 million has been approved by the Wistron board. A Tata company will now produce iPhones for both domestic and global markets, according to Rajeev Chandrasekhar, Deputy Minister for Information Technology.
Apple has been actively exploring India as a key growth driver and a potential alternative to its manufacturing operations in China. The tech giant initially partnered with Wistron in 2017 for iPhone assembly in India and later expanded its production through contracts with other firms such as Foxconn and Pegatron Corp.
The Wistron plant in Karnataka state faced significant setbacks in December 2020 when it was forced to shut down for three months due to worker protests over unpaid wages, resulting in substantial financial losses.
Tata Group's acquisition of Wistron's business marks a significant development in India's manufacturing landscape and reinforces the country's position as a major player in the global tech industry.
Tata Group has acquired Wistron Corp's Indian manufacturing unit for approximately $125 million.
A Tata company will now assemble iPhones in India for both domestic and global markets.
Apple has been focusing on India as a key growth driver and a potential manufacturing alternative to China.