Tata to make iPhones in India, to acquire Wistron plant for about $125 mn
This makes Tata India’s first homegrown iPhone maker, after Wistron Corporation agreed to sell a plant in the southern part of the country to the conglomerate.
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This makes Tata India’s first homegrown iPhone maker, after Wistron Corporation agreed to sell a plant in the southern part of the country to the conglomerate.
Tata Group is set to start assembling Apple iPhones in India after Wistron Corp approved the sale of its Indian manufacturing unit to the salt-to-software conglomerate, a minister said on Friday. A Tata company will start making iPhones in India for domestic and global markets, Deputy Minister for Information Technology Rajeev Chandrasekhar said on social media platform X. The Wistron board approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125 million, according to a statement from the Taiwan-based supplier shared ...
Apple iPhone: The Wistron board reportedly approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics.
Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.
After Wistron agreed to sell a plant in the southern part of the country to the conglomerate, Tata Group is set to become India’s first…