Apple sees Vivo as one of its rivals in the Indian market which has reportedly affected the latter’s chances of getting a sweet deal with Tata Group in the country. Vivo was hoping to deal with Tata Group which would have given the brand local manufacturing assistance and the ability to invest further into its local business.
Reports have claimed that Vivo wanted to sell 51 percent to Tata Group which would have made it easy for the company to function without heavy government scrutiny.
But Apple’s close association with the Tata Group for manufacturing iPhones in the country has worked against the Chinese giant and Times of India claims their supposed deal has now been called off because of these differences.
Why Is Apple Bothered About Vivo’s Deal?
Apple is making iPhones in India through the likes of Wistron and its plant has now been acquired by Tata Group. The Cupertino-based giant doesn’t seem pleased with Vivo’s involvement with Tata Group and behind the scenes it has forced the conversation to be called off, as the media report seems to be hinting.
Apple is clearly the bigger fish for Tata Group and the Indian government wants the company to establish its production hub in the country. All these reasons make it obvious that Tata Group will have to back out from its alleged $125 million deal with Vivo and focus on its production pipeline for iPhones and possibly other devices in the near future.
We’ll probably never know if these deals were any close to getting finalised or even in discussions but the focus on Apple to make in India seems to have affected Tata Group’s business avenues within the same vertical.
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