Tata Group is set to become India’s first homegrown iPhone maker after Taiwan’s Wistron Group agreed to sell a plant in Bengaluru to India’s largest conglomerate.
Wistron’s Board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said on Friday. The unit operates an iPhone assembly plant near Bengaluru.
The takeover of the Wistron Corp factory concludes after about a year of negotiations. The facility employs over 10,000 workers, who assemble the latest iPhone 14 model.
“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals,” Wistron said.
“Now, within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets from India,” he said in a post on X, formerly known as Twitter. “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 went on to state that his ministry stands fully in support of the growth of global Indian electronics companies to make India their trusted manufacturing and talent partner.
Cupertino, California-based Apple is looking beyond China amid a trade war between the US and Beijing.
