Tata’s Acquisition of Winston Unit Positions It as India’s Pioneer iPhone Manufacturer

by October 30, 2023 0 comments

Tata has acquired the Wistron unit to become the first Indian iPhone maker, and iPhones will soon be manufactured in India by an Indian company. Wistron, Apple’s Taiwanese contract manufacturer, has chosen to sell a 100 percent ownership in the Wistron InfoComm Manufacturing (India) unit to Tata Electronics for $125 million (about Rs. 1,040 crores). Tata will become India’s first iPhone manufacturer with the new acquisition. Both firms chose this after Wistron’s board of directors approved the transaction on 27 October.

Tata Group will begin manufacturing iPhones in India

Union Minister of State for Electronics and Technology Rajeev Chandrashekhar announced the development in a post on X. Tata Group will begin manufacturing iPhones in India within the next two and a half years under Prime Minister Narendra Modi’s PLI program. These Apple gadgets will be available in both domestic and foreign markets.

Along with his tweet, he included a press release stating that Wistron had “approved its subsidiaries, SMS InfoComm (Singapore) and Wistron Hong Kong Limited, to sign the share purchase agreement with Tata Electronics Private Limited (TEPL).” Once both parties sign the required agreements, the transaction will proceed to the following phase of obtaining additional approvals.

Tata has been in talks to acquire the Wistron unit for some time

It was claimed in July that the company was on the verge of acquiring Wistron by August. However, the idea has been delayed by a few months. According to the report, Tata would assemble iPhones in India at the Wistron company, which currently operates an iPhone assembly plant near Bengaluru.

In addition, the business has already stated that it intends to construct 100 locations nationwide that will only offer Apple products. Apart from the new acquisition, Apple iPhones are built in Tamil Nadu by two worldwide vendors, Foxconn and Pegatron. In fact, for the first time this year, India began selling ‘manufactured in India’ iPhone 15 devices on launch day.

No Comments so far

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.