According to two persons with knowledge of the situation, there are reports that Indian conglomerate Tata Group, which produces everything from salt to software, planned to open 100 stores entirely selling Apple Inc. products.
What’s the plan for Tata group to tie up with Apple Inc?
According to the article, Croma, a chain of consumer electronics stores owned by the Tata Group’s Infiniti Retail, would open outlets in the neighborhood, high-street, and mall sites as an Apple-authorized reseller. A retail consultant with knowledge of the situation informed the publication that it has started talks with high-end malls and high streets, and the lease agreements specify which brands and stores cannot be opened next to these outlets. Calls and emails from Reuters seeking comment from Apple and TG’s were not immediately returned.
The latest development comes less than two weeks after the Economic Times reported that the Tata Group was in talks to buy Wistron Corp’s only manufacturing facility in India for up to 50 billion rupees ($605 million). According to a September Bloomberg article, Tata and Taiwan’s Wistron, one of Apple’s top suppliers in India, were in talks to establish a joint venture to make iPhones there.