Tata Group is set to become India s first homegrown iPhone maker after Taiwan s Wistron Group agreed to sell a plant in Bengaluru to India s largest conglomerate.
Wistron s board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday.
The unit operates an iPhone assembly plant near Bengaluru.