Tata Group to acquire Wistron iPhone factory in India; Becomes 1st Indian brand to make iPhones
Zee Business Video Team | Updated: July 11, 2023 09:45 PM IST
Tata Group, India's largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier's factory in southern Karnataka state. The deal, potentially valued at more than $600 million, would mark the first time a local company would move into the assembly of iPhones. The acquisition would boost India's efforts to become a major hub for electronics manufacturing and reduce its reliance on China.
