As reported by Reuters on Friday, Tata Group is set to start assembling Apple iPhones in India after Wistron Corp approves the sale of its Indian manufacturing unit to the salt-to-software conglomerate, said Rajeev Chandrasekhar, the Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology of India
The Wistron board approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125 million, according to a statement from the Taiwan-based supplier shared by the minister.
“Within just two and a half years, Tata Companies will now start making iPhones from India for domestic and global markets. 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,” Chandrasekhar said in a post on his X handle.
According to a Bloomberg report from July this year, Tata is also set to honour several manufacturing and hiring commitments made by Wistron as part of their agreement. This includes shipping iPhones worth at least $1.8 billion from the factory in the fiscal year through March 2024 to win state-backed financial incentives. Wistron had also indicated plans to triple its workforce in the plant by next year. The facility currently employs more than 10,000 workers who assemble the latest iPhone 14 model.