Tata has acquired the Wistron unit to become the first Indian iPhone maker, meaning that iPhones will soon be built in India by an Indian company. Wistron, the Taiwan-based contract manufacturer for Apple, has chosen to sell Tata Electronics a 100% ownership share in Wistron InfoComm Manufacturing (India) for a price of $125 million, which is approximately Rs 1,040 crores. With this, Tata will establish itself as the first-ever iPhone manufacturer in India with this takeover. Following its board meeting on October 27, Wistron accepted the purchase, leading both firms to make this choice.Union Minister Rajeev Chandrasekhar posted on X, PM Modi jis vision is to build global standard Indian electronics manufacturing companies that can serve Indian and global brands, for Indian and global consumers and to further accelerate Indias rise as a global trusted electronics manufacturing power. PM @narendramodi Jis visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone manufacturing and exports. Now within just two and a half years, @TataCompanies will start making iPhones from India for domestic and global markets from India. Congratulations to the Tata team for taking over Wistron operations. Thank you @Wistron for your contributions, and great going for Apple in building a global supply chain from India with Indian companies at its helm. @GoI_MeitY stands fully in support of the growth of Global Indian Electronics companies that will in turn support global Electronic brands that want to make India their trusted manufacturing & talent partner and to realize PMs goal of making India a global electronics power.Chandrasekhar also praised PM Modis ground-breaking Production-Linked Incentive (PLI) scheme, which has already catapulted India into the echelons of trusted and major hubs for smartphone manufacturing and exports.These Made in India iPhones will cater to both domestic and global markets, elevating Indias reputation as a significant player in the world of electronics manufacturing.PM @narendramodi Jis visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone manufacturing and exports.Now within just two and a half years, @TataCompanies will now start making iPhones from India for domestic and global markets from… pic.twitter.com/kLryhY7pvL— Rajeev Chandrasekhar 🇮🇳 (@Rajeev_GoI) October 27, 2023Chandrasekhar extended his congratulations to the Tata team for their monumental endeavour, which now includes taking over the operations of Wistron.(With inputs from ANI)
