Technology
Tata Group set to become India’s first homegrown iPhone maker as Wistron approves sale – Crypto News
The Tata Group will soon manufacture India’s first homegrown iPhone after Wistron Corp approved the sale of an assembly plant near Bengaluru. Union Minister Rajeev Chandrasekhar said manufacture would start within two and a half years. The airline-to-software conglomerate has been in talks with the Taiwanese iPhone maker for more than a year to take over the plant.
“Within just two and a half years, Tata Companies will now start making iPhones from India for domestic and global markets from India. Congratulations to the Tata team for taking over Wistron operations. Thank you Wistron for your contributions, and great going for Apple in building a global supply chain from India with Indian companies at its helm,” he tweeted.
A statement by the company on Friday confirmed board approval for the sale of Wistron InfoComm Manufacturing (India) Private Ltd. to Tata for $125 million. The companies will seek regulatory approvals after the deal is confirmed by both parties.
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Updated: 27 Oct 2023, 04:50 PM IST
