Tata to become first Indian company to make iPhones with the $125 million Wistron deal

Apple has been assembling iPhones in India for over half a decade now, with the first “Made in India” iPhone being the iPhone SE produced by Foxconn in 2017. Apple has two other partners in India – Pegatron and Wistron. However, with Wistron set to exit the iPhone business in India, its 100% stake will be purchased by Tata Electronics Pvt Ltd (TEPL), making it the first Indian company to manufacture the iPhone.

TEPL, which is part of the Tata Group known for selling everything from salt to software to cars, will buy an indirect stake in Wistron Infocomm Manufacturing India Pvt Ltd in a transaction valued at around $125 million (INR1,042 crore/ €118 million).

In a post on X, Shri Rajeev Chandrasekhar, India’s Union Minister of State for Entrepreneurship, Skill Development, Electronics and Technology said that Tata will manufacture the iPhone in India for sale in the domestic and global markets.

The Indian multinational, founded in 1868, will reportedly manufacture iPhones in India at Wistron’s assembly unit near Bengaluru, capital of the south Indian state of Karnataka.

Indian Prime Minister Shri Narendra Modi’s “Make in India” initiative will help Tata Group manufacture the iPhone as well as convince other global electronics brands to consider India as an alternative to China for product manufacturing and diversify their manufacturing base. .

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