Tata Group To Open 100 Exclusive Apple Stores In India: Report

Indian conglomerate Tata Group is considering opening 100 stores across India selling only Apple products, an Economic Times report said, citing two people with knowledge of the development. The store will be opened by Infiniti Retail, which is owned by Tata Group, which operates the Croma chain in the country. Infinity Retail is said to have stores in nearby locations and shopping malls as well.

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Aware of the problem, Tata Group has begun negotiations with premium malls and high streets, and the lease terms include details of brands and stores that cannot open near these outlets. A retail consultant was quoted as saying in the report.

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The development comes after reports last month that the Tata Group was in talks to buy Wistron’s iPhone manufacturing facility in southern Karnataka. Wistron is he one of the top his Apple iPhone makers in India.

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The Tata Group is seeking a Wistron manufacturing facility in the southern state of Karnataka for Rs 40-500 crore, The Economic Times reported last month.

Wistron started manufacturing iPhones in India in 2017. This comes after years of effort by Apple to add manufacturing capacity in India. The Taipei-based company is currently assembling his iPhones at its factory in Karnataka, southern India. Headquartered in Taipei, Taiwan, Wistron began manufacturing iPhones in India in 2017. Wistron is currently assembling iPhone models at its plant in Karnataka.

The deal, if successful, would help the salt-to-software conglomerate strengthen the precision-engineered manufacturing capabilities of group company Tata Electronics Pvt Ltd (TEPL), the ET report added. TEPL is a wholly owned subsidiary of Tata Sons.