Tata Group will become the first Indian company to manufacture Apple's iPhone.

Tata Group will become the first Indian company to manufacture Apple's iPhone.

Daily Current Affairs / Tata Group will become the first Indian company to manufacture Apple's iPhone.

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Category : Business and economics Published on: October 30 2023

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According to the recent announcement, Tata Group will become the first Indian company in the country to manufacture Apple's iPhone.
Tata Group has recently decided to buy the Bangalore plant of iPhone manufacturing company Wistron in India.
This deal has been done for approximately Rs 1000 crore.
The board of directors of Wistron Corp has approved this acquisition.
Taiwanese company Wistron entered the Indian market in 2008, when the company used to provide repair facilities for many devices.
After this, in the year 2017, the company expanded its operations and started production of iPhone for Apple.
After the acquisition of Tata Group, production of iPhone will start in 2.5 years.

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