As Apple looks to expand its Indian manufacturing unit, the Tata Group is reportedly in talks with Taiwan-based Wistron Corporation to join the ranks of iPhone makers in India. According to a new report, Wistron, an Apple supplier, will establish an electronics manufacturing joint venture in the country with the Tata Group if the talks reach an agreement.
As per a report by Bloomberg quoting people with knowledge of the matter, the Tata Group is keen on seeking Wistron’s expertise in product development, supply chain and assembly to turn itself into a key player in technology manufacturing.
Tata Group could become first Indian company to manufacture Apple iPhones
If the talks progress and the agreement is signed, Tata Group could become the first Indian company to manufacture Apple iPhones, capturing a market dominated by Taiwanese manufacturing behemoths such as Wistron and Foxconn Technology Group in China and India.
“The structure of the deal and details such as shareholdings are yet to be finalized, and talks are ongoing,” Bloomberg quoted the sources, who did not wish to be named, as saying. With the plan being successful, Tata is likely to buy equity in Wistron’s operations in India. Alternatively, both the companies could also build an assembly unit in the country. The Tatas have an option to do both at once, as well.
Move will also help the government’s push for ‘Atmanirbhar Bharat,’
According to Bloomberg, it is unclear whether Apple is aware of the talks, which come at a time when the tech giant is looking to expand its supply chain in India and diversify production away from China. If the talks are successful, the move will be a significant boost to the Indian market and its technology sector, likely creating more jobs in the sector. The move will also help the government’s push for ‘Atmanirbhar
Bharat,’ as assembling and manufacturing iPhones in India will help India’s self-reliance mission.
Tata Group and Apple have not issued any statements regarding the talks, and Wistron has declined Bloomberg’s request for comment.
According to the report, the new venture aims to more than fivefold the number of iPhones Wistron manufactures in India in the future. According to sources, the Tatas may purchase a stake in Wistron’s manufacturing business in addition to smartphones.
Tata Sons chairman N Chandrasekaran has said that going forward, electronics and high-tech manufacturing are key focus areas for the company. The latest report is in line with Chandrasekaran’s plans.
