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Tata Group's Wistron Acquisition: 'Made In India' iPhones Go Global, But What About the Price?

Oct 30, 2023 Karan Sharma News Source in_mashable 36 hits

Tata Group's Wistron Acquisition: 'Made In India' iPhones Go Global, But What About the Price?

In a significant development, Electronics is set to take the helm as the pioneering Indian company to produce the latest Apple iPhones within the country. This landmark transition follows the acquisition of Taiwanese electronics manufacturer Wistron's India operations by Tata Group for a substantial sum of $125 million. Currently, at facility in Karnataka, production and assembly of the iPhone 15 Plus, iPhone 12, and the second-generation iPhone SE are in full swing. This move not only marks a substantial stride for Tata Electronics but also constitutes a significant boost to the Indian government's 'Make in India' initiative, underlining India's growing prominence in the global electronics manufacturing landscape. Tata Electronics acquires Wistron's Indian venture, becoming India's first iPhone maker. The deal, worth USD 125 million, includes the iPhone manufacturing plant near Bengaluru. This move aims to increase India's iPhone production, with a goal to shift 18-20% of global… As confirmed in its regulatory filing, Wistron is set to divest its entire stake, totalling 100 percent, in the subsidiary, Wistron InfoComm Manufacturing (India) Pvt., to Tata Electronics Pvt. This strategic move comes in the wake of board approval and signifies a pivotal step in the evolving landscape of India's electronics manufacturing industry. The Minister of State for Electronics and IT, Rajeev Chandrasekhar, recently disclosed an ambitious plan: Tata Group is poised to commence the production of iPhones in India for both domestic and international markets within a mere two and a half years. This announcement underscores India's growing prominence in the global electronics manufacturing arena and signals a significant stride toward fulfilling the 'Make in India' initiative's objectives. PM Ji's 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, will now start making iPhones from India for domestic and global markets from… Industry experts have emphasized that given Tata Group's ambitious forays into the semiconductor and electric vehicle (EV) sectors, their move to manufacture high-end iPhones in India is a logical and strategic step. This alignment with the production of sophisticated electronic devices complements their broader expertise and solidifies their position in the tech and electronics industry. In the years to come, the Tata Group holds the promise of establishing itself as a central figure in the iPhone manufacturing landscape. With their strategic move into this sector, they have the potential to become a key player in the iPhone production ecosystem. This is huge. But when we say making iPhone.. does it mean assembling only? Because as long as they import parts the cost will still stay on higher side… Wistron's significant factory in Karnataka, employing approximately 12,000 individuals, forms a substantial portion of its business operations within India. This development aligns with Apple's growing demand for iPhones in the country, prompting the need for increased production capacity and a broader supplier base. Apple's purported aim to shift a substantial portion of its manufacturing from China to countries such as India and Vietnam underscores the growing importance of these regions in the global tech supply chain. So far, there is no information made by the company regarding any price drop because of manufacturing in India. However, it's quite obvious that there won't be any price changes for the in India because it's not the first time the company is producing iPhones in India and considering past experiences, we can safely assume that their prices will remain the same.


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