This story was first revealed on the Benzinga India portal.

Tata Group is reportedly on observe to purchase an Apple Inc (NASDAQ: AAPL) iPhone provider manufacturing facility in India from Wistron Corporation, in line with Bloomberg.

If the deal goes via by August, this might be the primary time a agency primarily based in India produces iPhones.

What Happened? The Karnataka-based manufacturing facility, valued at over $600 million, employs greater than 10,000 individuals and presently assembles the iPhone 14.

Wistron beforehand dedicated to ship iPhones value $1.8 billion by March 2024 and triple its workforce by subsequent yr. 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 authorities has been selling native manufacturing whereas Apple and its main suppliers, comparable to Foxconn Group and Pegatron Corporation, are in search of to maneuver their iPhone manufacturing out of China. An Indian firm producing iPhones might appeal to extra international companies to fabricate in India, lowering their dependence on China.

According to TrendForce, Tata Group might manufacture the upcoming iPhone 15 and iPhone 15 Plus fashions. They will seemingly obtain smaller orders for these fashions. This might additionally imply that India is likely to be included within the preliminary cargo wave for the brand new iPhone sequence, anticipated to launch in September.

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

Photo: iPhone 14, Courtesy Apple

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This article Tata Group Inches Closer To Becoming India’s First iPhone Maker initially appeared on Benzinga.com

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