Tata Group may soon sell iPhones at exclusive stores. All you want to know

5paisa Research Team

Last Updated: 12th December 2022 - 12:35 pm

Soon, there may be an exclusive Apple store near where you live.

The Tata Group will soon open 100 small exclusive Apple stores of 500-600 sq ft each across the country, a news report in The Economic Times has said. Apple is in talks with Tata-owned Infiniti Retail for the stores.

This, even as the Tata Group manages its own Croma stores.

Where will these stores be opened?

The Apple stores will be opened in malls as well as high-street and neighbourhood locations and will be smaller than Apple Premium Reseller stores. Typically, Premium Reseller stores spread over 1,000 sq ft. The smaller stores will sell iPhones, iPads and watches.

When is the first store likely to be launched?

Apple's first company-owned flagship store is likely to launch in India in the March quarter in Mumbai.

How many iPhones does Apple sell in India?

According to CyberMedia Research (CMR), the sales volume of iPhones in India was over 1.7 million between July and September.

Apple is focussing on boosting sales in India and planning to expand its production capability.

And what about assembling iPhones in India?

Another report by Mint said that it has also told the three producers in India, Wistron, Foxconn and Pegatron, to triple their production in the next two years. The Cupertino-based tech giant is adding manpower and assembly lines to achieve that.

India may soon also be able to export iPhones.