Apple has just recently announced its 2022 lineup of iPhones, which is the iPhone 14 series. It is the latest generation of flagship smartphones from the brand, and it appears that its supply partner in India might include the Tata Group.
According to a Bloomberg report, the Cupertino based giant’s Taiwabnese supplier Wistron Corp and Tata Group are in talks to create a joint venture that will them produce iPhones. In other words, Tata could be the first Indian company to make iPhones within the region. For those unaware, the Indian conglomerate is known for a number of business, which extends from salt to steel to even software as well. Now, it appears its diversifying its operations to another industry.
The sources close to the matter in the report further added that “The aim is to make Tata a force in technology manufacturing, and the Indian salt to software conglomerate wants to tap the Taiwanese company’s expertise in product development, supply chain and assembly.” Unfortunately, the joint venture’s deal structure and other finer details like shareholdings is still known at the moment. Although, it may likely involve the Indian company buying shares in Wistron’s Indian operations.
It is also possible that Tata was brought on board to also build a new assembly facility in India. Apple has been making iPhones in the region since 2017, so it wouldn’t be surprising if it plans on expanding the scale of production as it has already been attempting to diversify its supply chain to regions outside of China.
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