Indian conglomerate Tata Group is in talks with Taiwanese supplier Wistron Corp to form a joint venture to assemble Apple iPhones in India, Bloomberg News reported on Friday.
The venture would be India’s salt-software group’s latest move into tech manufacturing, as it leverages Wistron’s expertise in product development, supply chain and assembly, Bloomberg added, citing people knowing the subject.
Apple, headquartered in Cupertino, California, has been betting big on India since it began assembling iPhones in the country in 2017 through Wistron and later Foxconn, in line with the government’s will. Indian to manufacture locally.
It was not immediately clear if Apple was aware of the talks, according to the report.
The plan could see the Tata Group buy shares in Wistron’s Indian operations or the two companies build a new assembly plant, or execute both moves, the report added.
Although details of the deal are not finalized, Tatas could end up with a share of Wistron’s manufacturing business beyond smartphones as well, Bloomberg said.
Apple, Tata Group and Wistron did not immediately respond to requests for comment.