Tata prepares to become India's first iPhone maker

iPhones will soon be manufactured in India by an Indian company as Tata has acquired the Wistron unit to become the first Indian iPhone maker. Wistron, Apple's Taiwan-based contract manufacturer, has decided to sell a 100 percent stake in Wistron InfoComm Manufacturing (India) unit to Tata Electronics for a deal price of $125 million (nearly Rs. 1,040 crores). With the new acquisition, Tata will establish itself as the first iPhone manufacturer in India. Both companies made this decision after Wistron approved the deal following its board meeting on October 27. Rajeev Chandrashekhar, Union Minister of State for Electronics and Technology, also confirmed the development with his post on X. Under Prime Minister Narendra Modi's PLI scheme, the Tata Group will start manufacturing iPhones in India in the next two and a half years. These Apple devices will go on sale in domestic and global markets. He also shared a press release along with his post, which mentioned that Wistron “has granted approval to its subsidiaries, SMS InfoComm (Singapore) and Wistron Hong Kong Limited, to sign the share purchase agreement with Tata Electronics Private Limited ( TEPL).” Once both parties sign the relevant agreements, the agreement will move to the next stage of approving new approvals.

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