Tata in talks to buy Apple vendor Wistron’s India unit: Report

The Tata Group is in talks with Wistron Corp, one of Apple’s top three manufacturers in India, to buy its Karnataka facility in a deal that may be worth Rs 4,000-5,000 cr, sources told The Economic Times.

The conglomerate aims to push the manufacturing capacity of group company Tata Electronics Pvt Ltd (TEPL) with this move. It is a wholly-owned subsidiary of Tata Sons.

The salt-to-software behemoth established TEPL to lead mobile phone and component manufacturing when geopolitical tension between the West and China made India an attractive alternative destination for tech companies like Apple.