Tata Group has acquired Wistron India operations, marking a milestone for the ‘Make in India’ initiative and positioning Tata Electronics as the premier manufacturer of Apple iPhones in the country.
The move comes as a strategic decision by the Tata Group, as it aims to solidify its position in the high-end smartphone manufacturing sector and expand its presence in the global electronics value chain.
The acquisition of Wistron India operations includes the manufacturing of popular Apple iPhone models, presenting a crucial opportunity for Tata Group to leverage its expertise in the semiconductor space and bolster its ambitious electric vehicle (EV) endeavors.
Acknowledging the significance of this development, Minister of State for Electronics and IT, Rajeev Chandrasekhar, lauded the move, emphasizing the role of the government’s PLI scheme in fostering India’s stature as a preferred hub for smartphone manufacturing and exports. Industry experts also weighed in, foreseeing a surge in India’s role in the global electronics market and predicting a substantial boost to the ‘Make in India’ initiative.
Apple’s Expanding Footprint in India
With the surge in iPhone consumption in India, Apple has been actively seeking to diversify its manufacturing base, aiming to reduce dependence on China. The company’s decision to expand production in India aligns with its recent successes in the Indian market, with significant growth in iPhone shipments and heightened enthusiasm for the iPhone 15 series.
Tata Group Wistron India Acquisition a big boost for India’s Growing Mobile Phone Exports
Amidst these developments, India has solidified its position as the second-largest manufacturing hub for mobile phones globally. With significant investments from various players in the sector, India has witnessed a notable surge in mobile phone exports, with Apple leading the way, contributing to a significant portion of the country’s mobile phone export revenue.
Future Prospects for Tata Group
With the acquisition of Wistron India operations, Tata Group is poised to play a pivotal role in India’s electronics manufacturing ecosystem, with an eye on further expanding its presence in the global semiconductor market. As India’s mobile phone exports continue to surge, the country is on track to surpass significant milestones, cementing its position as a key player in the global electronics landscape.