MUMBAI, INDIA – Tata Group has received approval from India's Competition Commission to acquire Wistron's Indian iPhone production unit, paving the way for Tata to become India's first homegrown iPhone maker.

Tata and Wistron agreed to the $125 million sale of Wistron's iPhone factory near Bengaluru in October after Wistron sought to diversify its business beyond iPhone manufacturing into areas such as servers. The company also sold its iPhone production business in China to a competitor in 2020.

Tata was in talks for more than a year to take over the plant as it seeks to forge closer ties with Apple. The deal also advances India’s efforts to create local contenders to challenge China’s dominance in electronics.

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