Business

Tata Group To Acquire Apple Supplier Wistron’s Karnataka Facility

Tata Group is in talks with one of the three Apple iPhone makers in India to buy their manufacturing facility in Karnataka, valued at Rs 4,000 crore- Rs 5,000 crore.

The deal will help Tata increase the manufacturing capabilities of Tata Electronics Pvt Ltd (TEPL), which is already a components vendor for Apple’s iPhones and plans to deal with other large manufacturers from Korea and Japan as part of a larger electronics ecosystem.

Tata Sons holds 100% of TEPL stock, making it an owned and operated subsidiary of Tata Sons.

The move could also involve Tata taking up a share of Wistron’s manufacturing business beyond smartphone manufacturing.

Wistron started making iPhones in India in 2017, after years of Apple’s efforts to add manufacturing capabilities in the nation.

Tata Group’s move will allow Apple to reduce its dependency on the Chinese market, which is exposed to strict COVID lockdowns and economic uncertainty.

Spriha Rai

Recent Posts

Effective Measures To Reduce Belly Fat

Excess abdominal fat increases the likelihood of heart disease, type 2 diabetes, and other chronic…

1 hour ago

Pakistan’s Digital Frontline: Jokes, Memes And Savage Self-Roasts

While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…

11 hours ago

Reliance Industries Q4 Net Profit Rises 6.4% As Retail And Digital Units Offset Energy Weakness

Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…

11 hours ago

Yash Pratap Singh And Mehak Jaiswal Top UP Board Exams With Outstanding Scores

Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…

11 hours ago

Yogi Adityanath Calls For Reforms To Make Madrasa Education Modern And Employment-Oriented

Chief Minister Yogi Adityanath on Friday emphasised the need for sweeping reforms in the madrasa…

12 hours ago

Tulsi Gabbard Backs India’s Hunt For Pahalgam Terror Attack Perpetrators

United States Director of National Intelligence (DNI) Tulsi Gabbard on Friday expressed strong support for…

13 hours ago