Tata Group will start manufacturing iPhones in India for the local and global markets. This was stated by India’s Junior Minister of Information Technology Rajiv Chandrasekar, according to TechCrunch.
He made the announcement after the board of directors of Taiwan’s Wistron approved the sale of Wistron InfoComm Manufacturing (India) Pvt in southern India to Tata for $125 million.
Wistron is one of three iPhone manufacturers in India. The deal was concluded after the companies had been negotiating its terms for more than a year. The deal means that Tata will become the first Indian company to assemble iPhones.
As you know, Tata Group operates in various industries. For example, it is interested in steel production – Tata Steel is one of the world’s largest producers of this metal. In addition, Tata provides technical consulting services.
Meanwhile, Apple is increasingly paying attention to India, which is considered the second largest smartphone market in the world. As part of the “Made in India” initiative, the total production of mobile phones in the country in 2014-2022 crossed the 2 billion mark.
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