Tata Vivo deal: Tata Group has been working onerous for a while to strengthen its foothold within the Indian smartphone market. The corporate is continually increasing its electronics companies. It’s mentioned that Tata Group wished to amass a big stake in Vivo India’s enterprise. Now a Occasions of India report has acknowledged that Tata Group has stopped its bid. The explanation for that is Apple. Why is Tata holding again from shopping for stake in Vivo India due to Apple, let’s know.
In keeping with the report, Vivo India was making an attempt to promote its 51 p.c stake to Tata Group. This might have made it simpler for the corporate to function in India and in addition get cash for growth. However this isn’t taking place. The report attributes this to the manufacturing partnership between Tata and Apple.
The Tata Group has acquired Wistron India’s Bangalore unit and Tata has a task in iPhone manufacturing. If the Tata Group buys a stake in Vivo India, it will likely be in direct competitors with Apple, which is able to have an effect on each firms.
A supply near the matter instructed the Occasions of India that that is the principle purpose (Tata’s partnership with Apple) that thwarted its plan. Any deal of Tata with Vivo would have been a partnership with a competitor. Maybe for this reason the talks between Tata and Vivo broke down. There may be little probability of rethinking on this ‘in the meanwhile’.
In different information associated to Vivo India, the corporate’s efficiency in India continues to be good. The most recent report from Counterpoint states that Vivo is second within the nation when it comes to smartphone shipments within the second quarter of 2024. Its cargo stood at 18.8 per cent, in comparison with 17.4 per cent throughout this era final yr.