Tata Sons is reportedly in advanced talks to acquire Wistron’s existing plant located near Bangalore for approximately Rs 5,000 crores. If the deal goes through, Tata Group will become the first Indian company to start a production line for Apple products.
Tata Group Set to Acquire Wistron’s Plant Details
This move will pave the way for the Tata Group to begin assembling the iPhone 15 by the end of this year, marking a significant milestone for the company. With this acquisition, the Tata Group will be able to leverage its expertise in manufacturing and technology to produce high-quality Apple products.
The Bangalore-based plant is expected to provide a boost to the Indian government’s ‘Make in India’ initiative, which aims to encourage domestic production of electronics and reduce dependence on imports. The acquisition of the plant by the Tata Group will not only create employment opportunities but also attract foreign investment in the country’s electronics manufacturing sector.
This move also highlights Apple’s efforts to diversify its manufacturing base beyond China. The company has been looking to shift production to India, with reports suggesting that it plans to invest nearly $1 billion in India to boost local manufacturing and supply chain capabilities.
The acquisition of Wistron’s plant will allow Tata to gain a foothold in the lucrative smartphone manufacturing market. With India’s rapidly growing smartphone market, the acquisition of the plant will allow Tata to cater to the increasing demand for high-quality, locally manufactured smartphones.
The acquisition of Wistron’s plant by Tata Group will be a significant development for the Indian electronics manufacturing sector. With the plant expected to start assembling the iPhone 15 by the end of this year, the Tata Group will become the first Indian company to produce Apple products locally. This move will not only create employment opportunities but also boost the ‘Make in India’ initiative and attract foreign investment in the country’s electronics manufacturing sector.
