Tata to Become First India iPhone Maker as Wistron Approves Sale
- Indian conglomerate to take over plant near Bengaluru
- Companies had been in talks for a deal for more than a year
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Tata Group is set to seal a deal to become India’s first homegrown iPhone maker, after Wistron Corp. agreed to sell a plant in the southern part of the country to the conglomerate.
Wistron’s board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd. to Tata for $125 million, the Taiwanese electronics manufacturer said Friday in a statement. The unit operates an iPhone assembly plant near Bengaluru, a person familiar with the matter said.