Thursday, February 22, 2024
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Make in India to Get a Fillip

With companies looking to hedge their manufacturing bets and move away from China, Tata Group is trying to steal a march, and is reportedly in talks with Apple’s Taiwanese supplier, Wistron, to assemble the iPhone in India. ­e exact nature of any agreement is unclear, which might see Tata Group acquire a stake in Wistron India or form a JV to ramp up iPhone assembly in the country.

Tata chief Natarajan Chandrasekaran’s focus on “hi-tech manufacturing” dovetails with India’s own ambitions to become a manufacturing base much like China. Tata-owned consumer electronics chain Croma may also feature in the long term, with their private label products currently manufactured in India, ­Thailand, China, and Turkey.

Wistron India’s fortunes, which are sagging and loss-making, could be bolstered by Tata’s manufacturing, EV, and chipmaking ambitions.

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