Tata Group in talks with Wistron to assemble iPhones

Reuters Updated - September 09, 2022 at 11:30 AM.

Apple began iPhone assembly in the country in 2017 via Wistron and later with Foxconn

The new iPhone 14 Plus is exhibited at an Apple event at their headquarters in Cupertino, California on September 7, 2022 | Photo Credit: Carlos Barria

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 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 or the two companies building a new assembly plant, or executing both those moves, the report added.

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

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

Published on September 9, 2022 05:58

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