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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.
A takeover of the Wistron Corp. factory in southern Karnataka state, potentially valued at more than $600 million, would cap about a year of negotiations. The facility employs more than 10,000 workers, who assemble the latest iPhone 14 model. The addition of an Indian iPhone is likely to add momentum to Apples efforts to diversify its product base beyond China and build up technology manufacturing in the South Asian nation.
Tata Group is on the brink of becoming the first Indian iPhone manufacturer as it closes in on a deal to acquire an Apple supplier's factory. Read about this groundbreaking development in the Indian manufacturing landscape.
The Tata Group plots a takeover of the Wistron Corp. factory in southern Karnataka, which will make it the first Indian iPhone maker.