Tata Likely to Acquire iPhone Maker Facility in India

Tata Group has started discussions with Wistron, a company that is one of the top three vendors of Apple and assembles iPhones in the country.

Tata may acquire the facility, located in Karnataka, for Rs 4,000-5,000 crore. This initiative is said to be significant as it will help Tata ramp up the manufacturing capabilities of Tata Electronics Pvt Ltd (TEPL) in precise engineering, reported The Economic Times.

As per Bloomberg Report, the development comes more than two months after the Tata Group was in talks with a Taiwanese manufacturer to establish an electronics manufacturing joint venture in India. Most of the information regarding the deal is not known and no official claims so far.

Tata may be able to buy equity in Wistron’s India operations or the companies could build a new assembly plant. They could also execute both those moves, as per the representative statement in the reports.

China is presently the main hub of production of iPhones worldwide. Tata capturing the deal would take India to next level and challenge China in manufacturing electronics at the Global level.

Further, it was reported that companies, including Apple and Google, were finding alternatives for iPhone manufacturing and India and Vietnam might be the favourite spot to relocate production from China.