New Delhi: India’s most prestigious business house Tata Group is going to make history once again. Soon Tata’s name is going to be associated with Apple’s iPhone. So far the iPhones being used in India are either manufactured abroad or assembled in the Indian factory of a foreign company like Foxconn. But now the iPhone will not only be made in India (Made In India), but will be made by an Indian company (Made By Indian).
According to the information, work was going on for the last one year on this deal. The deal could be worth more than $600 million. The Wistron factory is known for manufacturing the iPhone 14 model and currently employs more than 10,000 workers. Wistron has committed to ship $1.8 billion worth of iPhones to Apple by March 2024. Also, Apple has claimed to triple the number of factory employees by next year.
The Tata group is in the final stages of acquiring a factory owned by Apple’s main supplier Wistron. The deal is expected to close by August 2023. If this happens, it will be an important milestone for Indian industry and the government’s Make in India mission. This will be the first time an Indian company is entering the field of iPhone assembly. The Tata group aims to acquire the Wistron factory located in the southern state of Karnataka.
The Tata Group is currently testing the assembly of the upcoming iPhone 15 models in India. Wistron initially entered the Indian market in 2008 with the establishment of an equipment repair unit. In 2017 the company expanded its operations and began manufacturing iPhones for Apple.