Tata Electronics completes acquisition of Wistron India with 100% stake
- ByStartupStory | November 9, 2023
Tata Electronics achieves historic milestone with 100% acquisition of Wistron India, becoming the first Indian company to manufacture Apple iPhones.
The formal announcement of the deal, unveiled on October 27, positions Tata Group to extend its operations into iPhone assembly in India, marking a groundbreaking move in the smartphone manufacturing landscape.
The Share Purchase Agreement with Wistron InfoComm Manufacturing (India) Private Limited near Bengaluru signifies Tata’s commitment to India’s Electronic Manufacturing Services (EMS) industry growth. CEO Randhir Thakur emphasizes the importance of this milestone and expresses gratitude to the Wistron team for their collaboration.
The deal, now awaiting necessary approvals, aligns with the government’s supportive policies for the manufacturing sector. MoS IT Rajeev Chandrasekhar congratulates Tata Group for this achievement, highlighting India’s rising prominence in smartphone manufacturing and exports under PM Modi’s PLI scheme. The acquisition positions Tata Group among elite iPhone manufacturers, including Foxconn, Pegatron, Luxshare, and Wistron.
Exciting news! We’re now on WhatsApp Channels too. Subscribe today by clicking the link and stay updated with the latest insights in the startup ecosystem! Click here!
Looking ahead, Apple analyst Ming-Chi Kuo suggests a strategic collaboration between Tata Electronics, Foxconn, and Pegatron for the preliminary manufacturing of the iPhone 17, scheduled for a 2025 launch. This move signifies Apple’s proactive steps to diversify its supply chain away from China, marking a significant development in the tech giant’s global manufacturing strategy.
Also Read
Follow Startup Story
Related Posts
