After facing multiple delays, the Tata Group has successfully concluded the Wistron deal, securing a 100% equity stake in Wistron Infocomm Manufacturing (India). This strategic move, solidified through a binding share purchase agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited, marks the Tata Group’s entry into iPhone assembly, a significant development following its initial venture into the iPhone supply chain with a casings facility in Hosur, Tamil Nadu.
The comprehensive deal, valued at USD 750 million, encompasses a USD 550 million inter-corporate loan from the parent to Wistron India. Tata Group is set to contribute approximately USD 125 million. The acquisition positions the Tata Group as a key player in end-to-end iPhone assembly in India, creating history as the first Indian company to join established manufacturers like Foxconn, Pegatron, Luxshare, and Wistron in iPhone production.
Renowned Apple analyst Ming-Chi Kuo recently provided insights into the iPhone production landscape, highlighting substantial shifts towards India. Kuo anticipates that the New Product Introduction (NPI) for iPhone 17 will initiate in India, signifying a pivotal change where the phone will undergo its initial manufacturing in India instead of China.
Kuo’s predictions also indicate a surge in iPhone production in India, reaching 20–25% by 2024. This forecast underscores the significant role the Tata Group is poised to play in the Indian production facility, further solidifying the company’s strategic position in the evolving landscape of iPhone manufacturing.
The completion of the Wistron deal cements the Tata Group’s commitment to expanding its footprint in the global technology supply chain and contributing to the growing prominence of India in the production of cutting-edge consumer electronics.
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