Tata to make iPhone for India, abroad; to take over Wistron plant for $125 mn

Tata Group is set to become the first homegrown iPhone maker in India for domestic and global markets after Wistron Corp. agreed to sell a plant in the southern part of the country to the conglomerate. Wistron’s board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd. to Tata for $125 million, the Taiwanese electronics manufacturer said Friday in a statement.

“Upon confirmation and signature of the relevant agreements by both parties, the deal will proceed to obtain the necessary approvals. Following the completion of the transaction, Wistron will make the required announcements and filings in accordance with applicable regulations,” the release said.

Union minister Rajeev Chandrashekhar congratulated the Tata team for taking over Wistron operations.