Business

It’s Official: Tata Group To Make iPhones In India For Domestic, Global Markets

By
OB Bureau

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.

OB Bureau

Recent Posts

LAccMI Bus Drivers Resort To Work Boycott In Odisha’s Cuttack

Cuttack: The drivers of LAccMI buses in Odisha's Cuttack district boycotted the work on Friday…

November 15, 2024

Diljit Dosanjh Barred From Singing Songs Promoting Alcohol, Drugs, Violence

Hyderabad: Music sensation Diljit Dosanjh has been instructed not to sing songs that promote alcohol,…

November 15, 2024

Kartik Aaryan To Be Mukesh Khanna’s New ‘Shaktimaan’? What Do Netizens Think?

Mumbai: After Ranveer Singh and Tiger Shroff, it’s ‘Bhool Bhulaiyaa’ star Kartik Aaryan whose name…

November 15, 2024

Bali Jatra Takes Off In Cuttack; CM & Dy CM Go Around Fair After Inauguration

Cuttack: The historic Bali Yatra in Odisha's Cuttack city took off on Friday with Chief…

November 15, 2024

Non-Veg Food At Keir Starmer’s Diwali Party: UK PM’s Office Apologises After Outrage

London: The office of UK Prime Minister Keir Starmer on Friday apologised for a “mistake” in…

November 15, 2024

Odisha CM’s Grievance Cell To Remain Closed For Next Two Weeks

Bhubaneswar: The grievance cell of Odisha Chief Minister Mohan Charan Majhi in Bhubaneswar will remain…

November 15, 2024

[Watch] Naga Chaitanya Talks About Having Kids, Being Happily Married On Rana Daggubati’s Show

Mumbai: Actor Rana Daggubati will soon be coming with his celebrity talk show ‘The Rana…

November 15, 2024

Sex Scandal: Drunk British Soldiers Caught In The Act Inside Military Chopper!

London: In an utterly embarrassing scandal, two British soldiers were caught having sex inside a…

November 15, 2024