Tata Group in talks to buy Wistron's Apple facility in Karnataka: Report

The facility in Narasapura is Wistron's only plant in India and it is used to manufacture devices and components for Apple

Tata Group is in talks with Wistron to buy its manufacturing facility in Karnataka for Rs 4,000-5,000 crore. The facility in Narasapura is Wistron's only plant in India and manufactures devices and components for Apple, as reported by the Economic Times (ET). It employs 14,000-15,000 workers. 

The deal could help the Tata Group to ramp up the manufacturing capacity of Tata Electronics Pvt Ltd (TEPL) in precision engineering, the report added. It was incorporated in 2020 to scale up mobile phones and component manufacturing following a geopolitical backlash against China. 

Currently, TEPL supplies components to Apple from its Hosur unit