Monday, February 6, 2023
HomeBusinessTata group preparing to buy iPhone factory in India

Tata group preparing to buy iPhone factory in India

Tata Group, which is associated with businesses ranging from automobiles to software, is in talks to buy Taiwan’s Wistron’s iPhone manufacturing plant in India. This deal can be worth Rs 5,000 crore. Large contract manufacturing companies like Foxconn and Wistron in India and China assemble the iPhone.

a media Report Tata Group has started talks to buy Wistron’s iPhone manufacturing plant, according to people aware of the talks related to this deal. Tata Group or Wistron did not respond to emailed queries from Reuters. About two months ago, Bloomberg reported that the Tata group was in talks with Wistron on forming a joint manufacturing venture to make iPhones in the country. Wistron has expertise in product development, supply chain and assembly that the Tata group wants to take advantage of.

The report states that if this deal happens, it will increase Wistron’s capacity to make iPhones in the country by almost five times. The Tata group has already forayed into the smartphone supply chain and is manufacturing iPhone chassis components in South India. Earlier this month, Pegatron, a contract manufacturing company for Apple, was reported to have started assembling the new iPhone 14 in India.

Poor conditions at Foxconn’s factory in Zhengzhou, China, fueled by worker unrest and sabotage Production It has made a big impact. Due to this, the production of iPhone Pro may decrease by about 6 million units this year. The situation in this factory has not returned to normal and the estimate of loss in production is subject to change. Production will depend on getting Foxconn workers back on the assembly lines soon and the lockdown imposed due to Corona. iPhone 14 Pro and Pro Max are made in this factory. Both these smartphones have been the most sought after for Apple this year. Last week, more than 20,000 workers resigned from this factory of Foxconn, Apple’s largest contract manufacturer. Most of these were placed recently. This will affect the company’s target of increasing production by the end of this month.

Download Link

MOBILE

- Advertisment -

Auto

Two Wheeler

Digit News

Jobs