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Tata Group is understood to be in advanced stages to acquire the Karnataka manufacturing unit of Taiwan-based Wistron, a contract manufacturer for Apple, to become the first Indian...
Tata Group is in talks to buy Wistron's Karnataka manufacturing unit, which produces components for Apple products. The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones.
It is likely that apart from iPhone, once Tata Group takes over the Karnataka plant, other new Apple products could also be assembled from the unit.
Tata Group is in talks to buy Wistron's Karnataka manufacturing unit, which produces components for Apple products. The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones. Although the Indian smartphone market is growing, Apple and other suppliers have been enticed to expand there by government policy.
Tata Group: The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones.