Tata To Make iPhone: Tata Group can deal with US giant Apple to make iPhone by August. Under the deal, Tata Group will buy Apple’s suppliers’ factories. With this, Tata will become the first company in India to assemble the iPhone.
Under the deal, the Tata Group will buy the Wistron Corp factory in southern Karnataka for an expected value of over Rs 4,940 crore. More than 10,000 workers work in this facility, which assembles the latest iPhone 14 models.
iPhones Worth Rs 14,822 Crore Will Be Made From The Factory
According to the Times of India report, Wistron has committed to sending iPhones worth at least Rs 14822 crore from the factory by the current financial year, i.e. March 2024, to get government financial incentives.
It also plans to triple the factory workforce by next year. Tata is set to meet these commitments as Wistron exits the iPhone business in India.
Apple Will Benefit
Including the Indian iPhone could accelerate Apple’s efforts to diversify its product base away from China and move technology manufacturing to India.
Wistron exported iPhones worth about Rs 4,117 crore from India in the three months ended June 30, and Apple’s other major Taiwanese suppliers, Foxconn Technology Group and Pegatron Corp, also grew locally. Is.
Apple’s Indifference To China
Apple has stepped up efforts to expand its business in countries other than China after the Covid lockdown in China and rising tensions between Washington and Beijing. While the 155-year-old Tata Group sells everything from salt to technology services, the group has now tried to make inroads into electronics production and e-commerce, new sectors for the Tata family.
