‘Tata in talks with Wistron for JV to assemble iPhones’

Tata Group and Wistron — Taiwanese manufacturing giant and Apple Inc’s supplier — are in talks to establish an electronics manufacturing joint venture in India to assemble iPhones, as per a Bloomberg report, which also said that the structure of the deal and details such as shareholdings are yet to be finalised.

However, any such talks would first need the approval of Apple as well the Ministry of Electronics and Information Technology (MeitY). Industry as well as government sources said both the firms have not yet approached either Apple or MeitY.

Sources said that since manufacturing of iPhones in India by its contract manufacturers — Wistron is one such company — is being done under the production-linked incentive scheme (PLI),