TATA Groups: Indian salt to software conglomerate
Indian salt to software conglomerate tata group plans to open 100 stores across the country that will only sell Apple products.
Tata group’s Infiniti Retail, which runs the consumer electronics store Chan Croma, will be Apple’s authorized reseller and set up stores at shopping malls, high streets, and neighborhood locations.Tata has begun talks with premium malls and high streets and the lease terms include details of brands and stores that cannot be opened near these outlets, a retail consultant aware of the matter told the publication.
Tata and Taiwan’s Wistron-one of Apple’s top vendors in India-were in discussion to set up a joint venture to assemble iPhones in India. ($1=82.6250 Indian rupees)