Tata Group has now shelved its plan to buy 51 percent stake in the Indian business of leading Chinese smartphone brand Vivo. American company Apple had objected to this deal, due to which Tata has postponed the deal with Vivo. In such a situation, Apple Company does not want any of its partners to have stake in its rival company.
Vivo was under pressure from the Indian government that an Indian company should control Vivo, which is why Vivo was considering selling 51 percent stake in its Indian unit to Tata. According to sources, Tata Group's plan to acquire 51 percent stake in Vivo India did not succeed due to Apple's objection. Tata Group is a major production partner for Apple. Apple and Vivo are rivals. In such a situation, Apple did not like this deal.
If we talk about Tata Group, Tata Group is moving very fast in electric segment. Buying the factories of Apple's manufacturing partner Taiwan Wistron was a big win for the group. The agreement with Apple not only gave the Tata Group the opportunity to manufacture iPhones for sale in India, but also the opportunity to manufacture iPhones for sale in the rest of the world.
By working with the world's highest-grossing smartphone company, the Tata Group has been able to work in a big way. With this agreement, the Tata Group has also gained recognition among the world's major electronics manufacturing companies such as Taiwan's Foxconn, Pegatron and Wistron.
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