Tata Group Inches Closer To Becoming India's First iPhone Maker
Portfolio Pulse from Shomik Sen Bhattacharjee
Tata Group is reportedly set to acquire an Apple Inc iPhone supplier factory in India from Wistron Corporation. The factory, valued at over $600 million, currently assembles the iPhone 14. Tata Group plans to uphold Wistron's commitments to deliver iPhones worth $1.8 billion by March 2024 and triple its workforce by next year. This could lead to more global firms manufacturing in India, reducing their dependence on China.
July 11, 2023 | 4:05 pm
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NEUTRAL IMPACT
Apple's iPhone production in India could be impacted by Tata Group's acquisition of its supplier factory from Wistron Corporation. This could potentially reduce Apple's dependence on China for iPhone production.
The acquisition of Apple's supplier factory by Tata Group could potentially shift more of Apple's iPhone production to India. This could reduce Apple's dependence on China for iPhone production, which could be beneficial given the ongoing trade tensions between the US and China. However, it's unclear at this stage how this will impact Apple's overall production strategy and costs, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80