Tata Group Will Start Merangit IPhone From Apple In India
JAKARTA - A conglomerate from India, Tata, will start assembly of Apple's iPhones in the country after Wistron Corp approved the sale of its Indian manufacturing unit to the salt-to-ware conglomerate, as quoted by a minister on Friday, October 17.
"A company owned by the Tata Group will start producing iPhones in India for the domestic and global market," said Deputy Minister of Information Technology Rajeev Chandrasekhar on social media platform X.
The board of directors of Wistron approved the sale of Wistron InfoCom Manufacturing India Private Limited to Tata Electronics Private Limited with an estimated value of around $125 million, according to a statement from Taiwan-based suppliers distributed by the minister. Meanwhile, Wistron did not immediately respond to a request for comment.
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Apple has underlined India as the next major growth driver as the company seeks new markets to move parts of production from China.
The tech giant started assembly of the iPhone in India with Wistron in 2017, before expanding through contracts with companies like Foxconn and Pegatron Corp.
In December 2020, the Wistron factory in Karnataka State, Narasapura, was forced to close for three months after workers damaged property during protests over salary payments, causing millions of dollars in losses.