GulfHindi English Desk: Tata Group and Apple are reportedly in talks for a significant deal. According to a report by Bloomberg, Tata Group’s acquisition of the Vistron factory in Karnataka, which manufactures the iPhone 15, could soon become permanent. The estimated value of this deal is around INR 4,000 crores.
Tata Group has promised to triple the factory’s capacity by next year if the deal goes through. This would be a significant step towards creating new employment opportunities and boosting smartphone exports from India. Additionally, the cost of manufacturing iPhones would decrease, making them more affordable in the Indian market.
However, Vistron is facing challenges, primarily due to Apple’s terms. Vistron believes that Apple has benefited more from its partnership with Foxconn and Pegatron. In comparison to China, India poses challenges in terms of working with employees, making it difficult for Vistron to operate. In light of these circumstances, Vistron is considering selling its company.
If the deal is confirmed, Tata Group would become Apple’s new partner, which would be a significant achievement for the Indian industrial community.
Important Information:
👉Deal value: INR 4,000 crores
👉Current manufacturing: iPhone 15
👉Expected benefits of the deal: job creation, increase in smartphone exports, reduction in manufacturing costs
👉Challenges: Apple’s terms, working conditions in India
👉Future partner: Tata Group
en.gulfhindi.com News Summary
👉The possibility of a significant deal between Tata Group and Apple
👉Bloomberg report suggests that Tata Group may soon acquire Vistron factory in Karnataka
👉The estimated value of this deal is approximately 4000 crore rupees
👉Currently, Vistron is manufacturing the iPhone 15
👉Tata Group has promised to triple the factory’s capacity if the deal goes through
👉This deal would create new employment opportunities and boost smartphone exports from India
👉The cost of manufacturing iPhones would also decrease, making them more affordable in India
👉Vistron is facing challenges due to Apple’s terms and the difficulties of operating in India
👉Vistron is considering selling the company in such circumstances
👉If the deal is confirmed, Tata Group will become Apple’s new partner, which would be a significant achievement for the Indian industrial community
You are reading Mid-East Award Winning news outlet GulfHindi
