Tata Group drops plan to acquire stake in Vivo India over Apple's objection

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Tata Group drops plan to acquire stake in Vivo India over Apple's objection - Business Standard

Quick Summary:

Vivo had plans to sell a 51% stake in its Indian subsidiary to the Tata group.

This move allowed Tata to enter Apple’s key supplier network, enabling the production of iPhones for both the Indian and global markets.

Moreover, partnering with credible local firms enhances their image as reliable participants in the government’s ‘Make in India’ initiative, potentially shielding them from regulatory actions and simplifying visa acquisition processes, the report added.