Tata Group is on the verge of acquiring Wistron’s factory in the southern state of Karnataka, marking its entry into iPhone assembly, reports Bloomberg. The deal, worth more than USD 600 million (approximately Rs. 494 crores), is expected to be finalized in August. Continue reading “Tata Group set to acquire Wistron’s iPhone Factory in India by August”
The Taiwanese electronics manufacturer Wistron will end its operations in India after more than fifteen years in the country after Tata Electronics takes over the operation. Continue reading “iPhone-maker Wistron to shut down after Tata Electronics takeover: Report”
Several reports have previously stated that the Tata Group wishes to acquire Wistron’s manufacturing unit, which assembles iPhones. According to a new Bloomberg report, Tata Group is on the verge of acquiring a major plant at Wistron’s facility. Continue reading “Tata nears Wistron iPhone plant takeover, deal could close by March 31”
