Tata Group is in talks with Taipei's Wistron Corp, one of Apple Inc's top sellers in India, to purchase its manufacturing facility in Karnataka for up to 5,000 crore ($612.6 million).
Wistron began manufacturing iPhones in India in 2017, following years of Apple efforts to expand manufacturing capabilities in the nation. The Taipei-based business now assembles iPhones at its factory in the southern Indian state of Karnataka.
Bloomberg News reported in September that Tata Group is in negotiations with Apple Inc.'s Taiwanese supplier to form an electronics manufacturing joint venture in India, with the goal of assembling iPhones in the South Asian country.
If the agreement is successful, Tata will be the first Indian business to manufacture iPhones, which are now mostly built in China and India by Taiwanese manufacturing giants like as Wistron and Foxconn Technology Group.
An Indian business producing iPhones would be a huge help to India's efforts to rival China, whose supremacy in electronics manufacturing has indeed been threatened by continuous Covid lockdowns and political concerns with the US.
It may also convince other global electronics manufacturers to explore assembly in India in order to lessen their dependency on China at a time when geopolitical dangers are mounting.
Tata Group Chairman Natarajan Chandrasekaran had stated that electronics and high-tech manufacturing are significant emphasis areas for the corporation, which is India's largest conglomerate with over $128 billion in revenue.
Tata's business is dominated by industries like as software, steel, and automobiles, but it has taken early steps in the smartphone supply chain by beginning to produce iPhone chassis components in southern India.
A deal with Tata would provide Wistron's faltering Indian division with a powerful local partner with substantial finances.
According to Bloomberg, Tata's reach extends to autos, notably electric vehicles, an area in which many of the world's IT behemoths are anxious to grow.
Wistron InfoComm has also recently emerged as the single largest investor under the government's production-linked incentives (PLI) scheme for large-scale electronics manufacturing, bringing in Rs. 1,250 crore, followed by local units of Samsung and Foxconn, which invested Rs. 900 crore and Rs. 650 crore, respectively.
The initiative was announced by the government in March 2020 to boost manufacturing and employment creation.
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