New Delhi: It’s official — Tata Group manufacture and assemble Apple iPhones in India for both domestic and global markets.
There had been speculation for some months now that Tata could be India’s first company to assemble iPhones in the country.
On Friday, Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology Rajeev Chandrasekhar announced that Tata Group has acquired Wistron’s operations in India, paving the way for iPhones to be manufactured and assembled in India for domestic and global markets.
“Within just two and a half years, Tata Group will start making iPhones from India for domestic and global markets from India. Congratulations to the Tata team for taking over Wistron operations,” Chandrasekhar wrote on X.
Chandrasekhar attached a press release issued by Wistron announcing it held a board meeting on Friday and granted approval to its subsidiaries, SMS InfoComm (Singapore) Pte. Ltd. and Wistron Hong Kong Limited, to sign the share purchase agreement with Tata Electronics Private Limited (TEPL) for sale of its 100 per cent indirect stake in Wistron InfoComm Manufacturing (India) Private Limited.
“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals. Following the completion of the transaction, Wistron will make the required announcements and filings in accordance with applicable regulations,” the release added.
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