Tata Group is set to become India's first homegrown iPhone manufacturer
Tata Group is set to become India's first homegrown iPhone manufacturer, as it has acquired a plant from the Taiwanese electronics manufacturer Wistron Corporation
Tata Group is set to become India's first homegrown iPhone manufacturer, as it has acquired a plant from the Taiwanese electronics manufacturer Wistron Corporation. This acquisition, valued at approximately $125 million, will enable Tata to produce Apple iPhones in India for both domestic and global markets.
Union Minister of State for Electronics & Technology, Rajeev Chandrasekhar, made the official announcement on social networking platform X, marking a significant development in India's electronics manufacturing landscape.
The move is in line with Apple's efforts to diversify its production beyond China and strengthen its manufacturing presence in India. Apple had initiated iPhone assembly in India in 2017 through partnerships with Wistron and later Foxconn.
Tata Group's entry into iPhone manufacturing in India is a part of the Indian government's emphasis on promoting domestic manufacturing, as well as the Production-Linked Incentive (PLI) scheme. This scheme has successfully attracted investments and encouraged electronics manufacturing in the country.
The acquisition of the Wistron plant by Tata is expected to help Apple increase its production capacity in India and contribute to the Indian government's goal of making the country a global electronics manufacturing hub.
Tata Group, known for its diverse businesses, has been expanding into the electronics manufacturing and e-commerce sectors in recent years. The group is already involved in producing iPhone chassis at its factory in Tamil Nadu and has expressed interest in venturing into chipmaking.
This development marks a significant milestone for both Tata Group and Apple in their efforts to boost local manufacturing and contribute to India's electronics industry growth.