Tata Group plans to open 100 exclusive Apple stores: Report
News highlights
- Tata Group plans to open 100 stores across the country that will sell only Apple Inc products, according to The Economic Times.
- Tata Group’s Infiniti Retail will be an Apple-authorised reseller and set up stores.
- Tata Group and Apple did not immediately respond to Reuters’ calls and emails seeking comment.
Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will sell only Apple Inc products, The Economic Times newspaper reported on Monday (December 12), citing two people familiar with the matter.
Tata Group’s Infinity Retail, which runs consumer electronics store chain Croma, will be an Apple-authorised reseller and will set up stores in shopping malls, high-street, and neighborhood locations, the report said.
Tata Group
Multinational conglomerate company
- Parent organization: Tata Sons
- Subsidiaries: Tata Motors, Tata Steel Ltd, MORE
- Founder: Jamsetji Tata
- Founded: 1868, Mumbai
- Revenue: 12,800 crores USD (2022)
- Headquarters: Mumbai
- Number of employees: 9,35,000 (2022)
A retail consultant aware of this said that Tata has started talks with premium malls and high streets for space. Consultant further added that the terms of the lease include details of brands and stores that cannot be opened near the outlet. This is similar to the terms that Apple insists on.
The Tata-Apple partnership comes at a time when the company’s first flagship store is about to open in Mumbai in the March quarter. Apple Premium Reseller Outlets, which are typically 1000 square feet, will be larger than Apple’s Authorized Reseller.
Most of the smaller stores sell iPhones, iPads, and watches, while premium outlets sell Apple’s entire lineup of products, including MacBooks. Let us tell you that at present, Apple has about 160 premium reseller stores. The latest development comes less than two weeks after The Economic Times reported that Tata Group was in talks to buy Wistron Corp’s sole manufacturing facility in India for up to 50 billion rupees ($605 million).
Tata and Taiwan’s Wistron – one of Apple’s top vendors in India – were in discussions to set up a joint venture to assemble the iPhone in India, Bloomberg reported in September.
3 vendors of iPhone in India
Let us tell you that Apple has three major vendors in India – Foxconn, Wistron, and Pegatron. Now iPhone 14 is also being manufactured in India. Let us tell you that Foxconn has the biggest manufacturing facility for iPhones. It is located in Zhengzhou, China.
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