Tata-Wistron Deal Update: TEPL’s current exclusive partnership with Apple is part of PM Narendra Modi’s Make in India push and is taking advantage of the government’s production linked scheme, which was launched in August 2020.
Tata-Wistron Deal: If all goes well, Tata Group (Tata Group) wistron corp (Wistron Corp) Can buy the manufacturing unit located in Karnataka. Apple’s iPhone (iPhone) and other products are manufactured in this unit. This deal can be done for 4 to 5 thousand crores. this deal (Tata-Wistron Deal) Production of iPhone after the finalization of (iPhone Production) Related problems can be solved.
By the way, apart from Tata Group, efforts are on to buy this unit from two other companies as well. Let us tell you that due to the lockdown in China, the world’s largest iPhone manufacturing unit is lying closed.
TEMP It is a wholly owned subsidiary of Tata Sons. Group President N Chandrasekaran is thinking of taking advantage of the geopolitical environment against China. Under which India is trying to woo smartphone companies like Apple for optional production sites. At the same time, this deal will help Tata Group to increase the manufacturing capabilities of Tata Electronics Private Limited (TEPL).
TEPL is Apple’s component vendor
TEPL is already a component vendor to Apple for iPhones and is also planning to tie up with other major manufacturers in Korea and Japan to establish itself globally. TEPL’s current exclusive partnership with Apple is part of PM Narendra Modi’s Make in India push and is taking advantage of the government’s manufacturing linked scheme, which was launched in August 2020. Now no comment has come from Tata Group in this whole matter and no statement has also come from Wistron.
Deal can be done in this way also
According to a Bloomberg report in September, Tata is considering forming an electronics manufacturing joint venture with Wistron in recent times. However, informed sources said that the group was fast moving towards buying the unit at Narsapura in Kolar district of Karnataka. The Tata Electronics facility is located in Hosur, Tamil Nadu. Sources close to the Tatas said, if the facility buyout doesn’t work out, they will go the JV route independently as well.
Another person said the dean could be on the lines of Tata Motors’ takeover of the Ford unit in Gujarat earlier this year. Which includes sale and leaseback structure. Tata will do its bit, but Wistron may retain a small share to leverage Apple’s global vendor ecosystem. The contours of the final deal are being prepared now.
Infrastructure will also improve
According to government officials, an industrial corridor with high-end infrastructure and connectivity is being planned to facilitate electronics manufacturing in Tamil Nadu and Karnataka. This will include highways and high-speed Vande Bharat trains to reduce travel time by 3.5-4 hours between their capitals, Chennai and Bengaluru. Foxconn, Pegatron and Wistron are the three major vendors of Apple in India. Apple currently produces the iPhone SE, iPhone 12, iPhone 13 and iPhone 14 (Basic) models in India. All Pro models sold in the country are imported.
Source: www.tv9hindi.com”