Tata Group Inches Closer To Becoming India's First iPhone Maker

Tata Group is reportedly on track to buy an iPhone supplier factory in India from Wistron Corporation, according to Bloomberg. If the deal goes through by August, this would be the first time a local firm produces iPhones.

What Happened? The Karnataka-based factory, valued at over $600 million (₹4,942 crore), employs over 10,000 people and presently assembles the iPhone 14.

Wistron had previously committed to deliver iPhones worth $1.8 billion (₹14,828 crore) by March 2024 and triple its workforce by next year. Tata Group plans to uphold these commitments post-acquisition, marking the end of Wistron’s iPhone manufacturing operations in India.

See also: Tata May Be Looking To Ramp Up Semiconductor Play After iPhone Deal

India’s government has been promoting local manufacturing while Apple and its major suppliers, like Foxconn Group and Pegatron Corporation, are seeking to move their iPhone production out of China. An Indian company producing iPhones could attract more global firms to manufacture in India, reducing their dependence on China.

According to TrendForce, Tata Group might manufacture the upcoming iPhone 15 and iPhone 15 Plus models. However, they will likely receive smaller orders for these models. This could also mean that India might be included in the initial shipment wave for the new iPhone series, expected to launch in September.

Read next: Elon Musk’s Starlink Seeks Green Light To Set Up Earth Stations In India

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: TechfoxconniPhoneTata GroupWistron