India’s Tata Group and Taiwanese company Wistron may come up with a joint venture to manufacture Apple iPhones in India- Bloomberg reported.

At present, Foxconn, Wistron, and Pegatron assemble iPhones in India, and Foxconn is a leading manufacturer. iPhone manufacturing in India still doesn’t contribute a crucial percentage.

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If this deal happens, Tata could be the first Indian company to manufacture Apple iPhone locally.

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Currently, Wistron India’s business is struggling and reporting losses. Therefore, a local partner like the Tata Group could help them financially and for future investments

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After the covid-19 outbreak, many companies are diversifying their product manufacturing away from China. Also, from a geopolitical point of view, increased economic activity with India would give Taiwan an advantage over its dispute with China.

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India’s Tata Group and Taiwanese company Wistron may come up with a joint venture to manufacture Apple iPhones in India- Bloomberg reported.

At present, Foxconn, Wistron, and Pegatron assemble iPhones in India, and Foxconn is a leading manufacturer. iPhone manufacturing in India still doesn’t contribute a crucial percentage.

India’s iPhone plants are estimated to contribute 5%-7% to global shipments this year, up from 3%-4% earlier.

If this deal happens, Tata could be the first Indian company to manufacture Apple iPhone locally.

Currently, Wistron India’s business is struggling and reporting losses. Therefore, a local partner like the Tata Group could help them financially and for future investments

After the covid-19 outbreak, many companies are diversifying their product manufacturing away from China. Also, from a geopolitical point of view, increased economic activity with India would give Taiwan an advantage over its dispute with China.