After 15 years, Apple iPhone producer and Taiwanese electronics giant Wistron will wind down and leave India. The iPhone manufacturer would sell its factory in Kolar, near Bengaluru, to Indian giant Tata Group.
According to reports, Wistron was forced to depart the nation after failing to penetrate deeper into the iPhone maker’s supply chain and encountering difficulties with local employment regulations.
Tata Group has been in talks with Wistron about the sale since last year
A report by HBL last month said that the Taiwanese company is likely to move the National Company Law Tribunal and the Registrar of Companies to close down its activities in India within the next year, the report’s sources stated.
After Tata Electronics takes over management of the Karnataka factory and begins producing new Apple goods, the primary iPhone assembler will cease operations in India.
According to the company’s annual report, Wistron’s first India subsidiary, “ICT Service Management Solutions (India) Private Limited,” was established in 2008 as a sales and maintenance service facility in India.
Tata Group, an Indian conglomerate, may end up being the country’s fourth Apple iPhone 15 series assembler. According to a recent report from market research firm TrendForce, the largest Apple contract manufacturer Foxconn, together with Luxshare and Pegatron, will be the other iPhone 15 assemblers, while Tata Group, the first indigenous Indian manufacturer, will be the fourth.
According to TrendForce, a tiny portion of the iPhone 15 series handsets would be assembled in India by Tata Group. The conglomerate recently acquired Wistron, and as a result, it now owns the company’s production line for the iPhone in India. Thus, following Foxconn, Pegatron, and Luxshare, Tata Group will apparently replace them as Apple’s new contract producer for the iPhone in India.
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