India's Tata group in talks with Wistron to assemble iPhones: Bloomberg

The venture would be the salt-to-software group's latest push into technology manufacturing



Photo: Reuters
Photo: Reuters

By Reuters

Published: Fri 9 Sep 2022, 6:50 PM

Last updated: Fri 9 Sep 2022, 7:03 PM

Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp to establish a joint venture to assemble Apple's iPhones in India, Bloomberg News reported on Friday.

The venture would be the Indian salt-to-software group's latest push into technology manufacturing, as it taps Wistron's expertise in product development, supply chain and assembly, Bloomberg added, citing people with knowledge of the matter.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government's push for local manufacturing.

It wasn't immediately clear if Apple was aware of the talks, the report said.

The plan could result in the Tata group buying equity in Wistron's India operations, the two companies building a new assembly plant, or the execution of both moves together, the report added.

Although details of the deal are not finalised, the Tatas could end up with a share of Wistron's manufacturing business beyond smartphones as well, Bloomberg pointed out.

Apple, Tata Group and Wistron did not immediately respond to requests for comment.

ALSO READ:


More news from Tech