Tata Group, India’s largest conglomerate, has acquired Wistron Corp’s iPhone assembly plant in Bengaluru, India for $125 million. This makes Tata the first Indian company to assemble iPhones.
The acquisition is a significant milestone for India’s manufacturing sector, as it signals the country’s growing capability to produce high-end electronics. It is also a boon for Tata Group, which has been expanding its electronics business in recent years.
The move is also expected to boost Apple’s supply chain diversification efforts. The company has been looking to reduce its reliance on China for manufacturing, and India has emerged as a key alternative.
Tata plans to start assembling iPhones at the Wistron plant in early 2024. The company is also expected to invest in expanding the plant’s capacity.
The acquisition is a win-win for both Tata and Apple. It gives Tata a major foothold in the global smartphone market, while giving Apple a more diversified supply chain. It is also a positive development for India’s manufacturing sector.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
