Tata has been discussing the acquisition of the Wistron unit for some time. An Indian company, Tata, is set to manufacture iPhones in India after acquiring the Wistron unit.
Wistron, the Taiwan-based contract manufacturer for Apple, has agreed to sell its 100 percent stake in the Wistron InfoComm Manufacturing (India) unit to Tata Electronics for $125 million (approximately Rs. 1,040 crores). This acquisition makes Tata the first-ever iPhone maker in India. The deal was approved by Wistron during its board meeting on October 27.
Tata is Set to Become the First Indian iPhone Manufacturer
Union Minister of State for Electronics and Technology, Rajeev Chandrashekhar, has confirmed this news in his X post. Tata Group is set to start manufacturing iPhones in India within the next two and a half years, as part of Prime Minister Narendra Modi’s PLI scheme. These Apple devices will be available for purchase in both domestic and international markets.
He also posted a press release stating that Wistron has authorized its subsidiaries, SMS InfoComm (Singapore) and Wistron Hong Kong Limited, to enter into a share purchase agreement with Tata Electronics Private Limited (TEPL). Once both parties sign these agreements, the deal will proceed to the next stage, involving the clearance of additional approvals.
India’s Tech Industry Buzz: Tata’s Ongoing Pursuit, Apple Assembly, and Latest Tech News on Orbital Podcast
Tata has been in discussions regarding the acquisition of the Wistron unit for some time now. In July, there were reports that the conglomerate was nearing the acquisition of Wistron by August, but there has been a delay of a few months in the plan. According to the report, Tata will undertake the assembly of iPhones in India at the Wistron unit, which currently operates an iPhone assembly plant near Bengaluru.
Additionally, the company has previously been said to be planning to open 100 stores across the country that exclusively sell Apple products. Apart from this recent acquisition, Apple iPhones are assembled in India by two global suppliers, Foxconn and Pegatron, in Tamil Nadu. This year, India also began selling ‘assembled in India’ iPhone 15 models on launch day for the first time.
On the latest episode of Orbital, the Gadgets 360 podcast, we talk about the most significant technology news of the week, including the launch of the Infinix GT 10 Pro and Amazon’s latest mega-sale. You can listen to Orbital on various platforms such as Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music, and wherever you prefer to listen to podcasts.
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