Tata Group to buy iPhone making facility in India; Know all details
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Tata Group could buy Wistron’s iPhone manufacturing facility in Bengaluru as part of a new deal.
Tata Group could end up buying Wistron's iPhone manufacturing facility in India. Based on a new report by The Economic Times, it is said that the Tata Group is in talks with Taipei's Wistron Corp to buy its manufacturing facility in Karnataka for a sum of Rs. 5000 crore. Wistron's facility is one of Apple's top manufacturing vendors in India for its popular iPhone smartphones. There have been rumours of the Tata Group eyeing a share of the iPhone manufacturing scene in India for a while now, with a Government official hinting at the same.Wistron is one of the key manufacturers for Apple in India, joining forces with Foxconn to manage the demand for iPhones in India and several globa...