Tata has also announced that it will launch 100 Apple stores in the country of 1.4 billion, the first of which is set to open in Mumbai this quarter. That plant stands on several hundred acres of land where Tata could add iPhone manufacturing lines in the coming years. It has accelerated hiring in its factory in Hosur, near Bangalore, where it produces iPhone components. Tata has taken other steps to increase its business with Apple. Wistron would continue as a service partner for iPhones in India. If the acquisition goes through, Tata will take over all its eight iPhone lines, as well as the plant’s 10,000 workers, including a couple thousand engineers. Wistron’s 2.2 million square-foot factory is located just over 30 miles (50 kilometers) east of Bangalore. Apple, the world’s most profitable smartphone maker, is seeking to reduce its dependence on China, where pandemic-related supply chain snarls and draconian restrictions have wrought havoc on device production. Yet even as Wistron plans to exit iPhone-making in India, its Taiwanese peers are expanding their iPhone production lines. It has sought to diversify its business beyond thin-margin iPhone manufacturing into areas such as servers, agreeing to sell its iPhone production business in China to a competitor in 2020. Wistron is one of three Taiwanese iPhone manufacturers in India, along with Foxconn and Pegatron Corp. Wistron and Apple didn’t respond to requests for comment. The acquisition could value Wistron’s only iPhone manufacturing operation in India at more than $600 million if the Taiwanese company meets the requirements to receive the expected incentives for the current financial year, one of the people said.Ī Tata representative declined to comment. The next cycle of incentives will begin from April 1, which marks the start of India’s financial year. The Indian conglomerate aims to complete a due diligence process by March 31 so that its Tata Electronics arm can formally take over Wistron’s position in a program that gives it government incentives, one of the people said.
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