Tata Group is nearing an agreement to become the first Indian iPhone manufacturer
The acquisition of Wistron Infocomm Manufacturing (India) by Tata Group has been finalized. With this US$125 million acquisition, Tata will be able to construct iPhones in their entirety in India, which would usher in a new era for the country’s electronics manufacturing industry.
What took place? In a statement, Tata Electronics CEO Randhir Thakur expressed his excitement about the purchase and noted the encouraging growth of India’s Electronic Manufacturing Services (EMS) sector, supported by strong government policies. He also praised Wistron for their assistance during the purchase procedure.
In the past, Tata’s production in Tamil Nadu was limited to semi-finished iPhone SE shells as part of the iPhone supply chain. But with this acquisition, Tata will join the ranks of international manufacturing behemoths like Foxconn and Pegatron as the first Indian business to construct an iPhone entirely.
Previously, as part of the iPhone supply chain, Tata exclusively produced semi-finished iPhone SE shells in Tamil Nadu. Conversely, Tata is slated to become the first Indian business to entirely build iPhones, joining global manufacturing behemoths such as Foxconn and Pegatron.