Tata Group Plans to make iPhones in India!!!
The Tata Group is making big plans to compete with China. Tata is now going to make apple a big weapon for this fight. In fact, the Tata group is going to enter apple manufacturing by joining hands with a Taiwanese group. As soon as this deal is done, Tata will be the first company in india to manufacture iPhone. The company is even contemplating to buy the indian operations for the joint venture of the Taiwanese company.
Tata is joining hands with which company?
According to the information, Tata Group is in talks with Wistron Corp for Apple's iphone assembling. If the deal is done between the two companies, then Tata will be the first business group in the country to assemble the iphone in the country. At present, the Taiwanese manufacturing company Wistron and Foxconn technology are mainly assembling the iPhone. iPhones are assembled in china and india by these companies.
China will get a collision
China is likely to get a big competition with the entry of Tata Group into this sector. China's electronics manufacturing is a kind of monopoly. Due to the Covid lockdown and political tension with America, now this monopoly is under threat. Due to the ever-increasing geopolitical tension, many big electronics brands of the world are currently trying to reduce their dependence on china and move towards India.
Tata may buy Wistron's indian operation
According to the Bloomberg report, the final touches are yet to be given to the outline of this deal. Giving information to Bloomberg, some people associated with the matter said that Tata may buy a stake in Wistron's indian operation. Also, both the companies can also set up an assembly plant as a joint venture.
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