Tata has reportedly completed the acquisition of Wistron India, which is set to become the first Indian iPhone maker

Tata Group has reportedly completed the acquisition of Apple supplier Wistron India, bringing the Indian tech conglomerate one step closer to becoming the first Indian company to assemble Apple’s iPhone models in the country. The acquisition discussions began a year ago, and Tata already supplies components to the Cupertino company’s smartphones in Tamil Nadu. However, the acquisition of Wistron’s production lines in India will allow the company to assemble iPhone models like Foxconn and Pegatron, two of Apple’s suppliers that assemble phones in India.

The Economic Times reports That Tata Group has signed a binding share purchase agreement to acquire 100 percent equity stake in Wistron India. According to the report, the deal to acquire the Indian unit of Singapore-based SMS Infocom and Wistron Hong Kong is worth a total of $750 million (roughly Rs. 6,250 crore), and Tata will pay $125 million (roughly Rs. 1,040 crore). ) To acquire Wistron’s assembly lines in India.

While the Tata Group was already producing some components for Apple in India at its plant in Hosur, Tamil Nadu, the acquisition of Wistron India makes it a full-fledged iPhone assembler. Apple has other suppliers in India like Foxconn and Pegatron that assemble the iPhone 15, iPhone 14 and other recent models, but Tata will be the first Indian firm to manufacture handsets in the country.

Earlier this month, TF Securities International analyst Ming-Chi Kuo predicted that Apple would significantly reduce its production scale in two regions of China next year. Meanwhile, the percentage of iPhone units manufactured in India that are shipped globally is expected to increase from 14 percent to between 20 to 25 percent by 2024.

Kuo also claims that the development of the iPhone 17 – the successor to the alleged iPhone 16 that is likely to launch in 2024 – is going to take place outside China for the first time. According to Kuo, Apple will begin the new product introduction (NPI) process for the iPhone 17 in India during the second half of 2024. Based on its annual release cycle, Apple’s iPhone 16 and iPhone 17 series are expected to be released in 2024 and 2025, respectively.

Affiliate links may be automatically generated – see our ethics statement for details.

(TagstoTranslate)Tata Wistron acquisition complete iPhone manufacturing Apple supplier Tata Group(T)Wistron India(T)Wistron(T)Apple(T)iPhone Manufacturing(T)Apple iPhone

Leave a comment