Tata Group, one of India’s largest conglomerates, plans to double iPhone assembly in India within two years. The acquisition of Wistron’s iPhone assembly plant for $125 million will help Apple reduce its reliance on China for production. The move is seen as a boost for India’s manufacturing sector, with the government offering incentives for companies to manufacture in the country. Tata is well-positioned to take advantage of these incentives and is expected to invest in expanding the plant’s capacity and upgrading technology. The increased iPhone production in India is critical for Apple’s growth.
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From chai to ‘i’: Tata Group brews up plans to double ‘made in India’ iPhone production
Tata Group, one of India’s largest conglomerates, plans to double iPhone assembly in India within two years. The acquisition of Wistron’s iPhone assembly plant for $125 million will help Apple reduce its reliance on China for production. The move is seen as a boost for India’s manufacturing sector, with the government offering incentives for companies to manufacture in the country. Tata is well-positioned to take advantage of these incentives and is expected to invest in expanding the plant’s capacity and upgrading technology. The increased iPhone production in India is critical for Apple’s growth.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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