- According to a recent announcement, Tata Group would be the first Indian company to manufacture Apple’s iPhone in the nation.
- Tata Group has just chosen to acquire Wistron’s Bangalore manufacturing base in India.
- This transaction was completed for around Rs 1000 crore.
- Wistron Corp’s board of directors has approved this transaction.
- Wistron, a Taiwanese corporation, first entered the Indian market in 2008, when it offered repair services for a variety of gadgets.
- Following that, in 2017, the company expanded its operations and began producing iPhones for Apple.
- After the acquisition of Tata Group, iPhone manufacture will begin in 2.5 years.
