iPhones will soon be manufactured in India by an Indian company, as Tata has acquired the Wistron unit to become India’s leading iPhone maker. Wistron, Apple’s Taiwan-based contract manufacturer, has decided to sell 100% stake in Wistron InfoComm Manufacturing (India) unit to Tata Electronics for a price of $125 million (nearly Rs. 1,040 crores). With this new acquisition, Tata will become the very first iPhone manufacturer in India. The two companies made the decision after Wistron approved the deal following its October 27 board meeting.
Rajeev Chandrashekhar, Union Minister of State for Electronics and Technology, also confirmed development with his post on These Apple devices will go on sale in domestic and global markets.
He also shared a press release with his post, which mentioned that Wistron had “authorized 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 have signed the relevant agreements, the deal will move to the next stage of obtaining further approvals.
Tata has been in talks to buy the Wistron unit for some time. In July, it was reported that the conglomerate was set to acquire Wistron by August. However, the project was delayed a few months. According to the report, Tata will venture into assembling iPhones in India at the Wistron unit which currently operates an iPhone assembly plant near Bangalore.
It was also reported that the company plans to open 100 stores across the country that will sell only Apple products. Apart from the recent buyout, Apple iPhones are assembled in India by two global suppliers – Foxconn and Pegatron – in Tamil Nadu. In fact, this year, India started selling “assembled in India” iPhone 15 models on launch day for the first time.
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