23 February 2024

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Tata Group

Tata Group is set to acquire Apple’s supplier factory in India. iPhone 15 to be made in India. Check Out:

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Tata Group is nearing an agreement to buy Apple’s Indian supplier facility. The plant could be purchased by August, and once closed, it will be the first time that a local company would begin assembling iPhones.

According to Bloomberg, Tata Group is interested in acquiring a Wistron Corporation unit in Karnataka. The facility, which employs over 10,000 people and is worth over $600 million, presently assembles the iPhone 14 model. 

Tata Group

Wistron Corp. has pledged to ship $1.8 billion in iPhones by the fiscal year ending March 2024 and double the factory’s workforce by next year. According to Bloomberg, after acquiring the factory, Tata Group will honour these agreements. With the acquisition of the Wistron Corp factory, the Taiwanese company’s iPhone manufacturing activity in India would come to an end.

Also read: Major setback for billionaire Anil Agarwal: Vedanta’s Rs 1.6 lakh crore contract with Foxconn cancelled

iPhone 15 by Tata Group

In recent years, the Indian government has implemented a number of schemes to promote manufacturing in the country. Apple, on the other hand, has been aiming to expand its iPhone production outside China to other South Asian countries. Other big Apple suppliers, including Foxconn Group and Pegatron Corporation, have lately upped production as well.

The production of iPhones by an Indian brand may encourage other multinational corporations to consider manufacturing in India in order to minimise their reliance on China.

It might also indicate that India will be among the first to receive the next iPhone series, which is set to arrive in September of this year.