BUSINESS

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BUSINESS

Tata to become first India iPhone maker

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Tata-Wistron deal nears

Tata Group is reportedly close to acquiring Wistron's iPhone assembly plant, aiming to become the first Indian company to manufacture iPhones.

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Boosting India's aspirations

Tata's potential acquisition of Wistron's iPhone assembly plant could boost India's electronics manufacturing aspirations.

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The factory

Tata nears acquisition of Wistron's $600m iPhone factory in Bengaluru, employing 10,000+ workers. The deal could close in August.

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Wistron's struggles

Wistron struggled with profitability in India due to Apple's terms. It also had inventory management issues and high attrition rates at its factory.

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Boosting production

Wistron exported $500 million worth of iPhones from India in the last three months. Tata Group aims to boost the plant's production.