Tata to make iPhones in India for global market

Tata Group will start making Apple iPhones in India for domestic and global markets within two and a half years, announced Electronics and Technology Minister Rajeev Chandrasekhar on friday. The development underscores India's growing production prowess and reflects a significant departure from Apple's previous strategy of selling mostly Chinese-made new devices to frenzied customers across the world.This achievement not only marks a milestone for the Tata Group, but also reflects the growing prowess of India in global electronics manufacturing. Chandrashekhar congratulated the Tata team for taking over Wistron operations.

PM @narendramodi Ji's visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone manufacturing and exports.

Now within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets from… pic.twitter.com/kLryhY7pvL

— Rajeev Chandrasekhar (@Rajeev_GoI) October 27, 2023

Wistron Corp. agreed to sell a plant to the conglomerate. Wistron’s board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd. to Tata for $125 million, the Taiwanese electronics manufacturer said Friday in a statement.“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals. Following the completion of the transaction, Wistron will make the required announcements and filings in accordance with applicable regulations,” the release said.