TATA GROUP PLANS TO OPEN 100 EXCLUSIVE APPLE STORES OF 500 TO 600 SQ FT EACH ACROSS INDIA

After getting into the production of iPhones in India, the Tata Group plans to open about 100 small exclusive Apple stores of 500-600 sq ft each across the country. Apple is in talks with Infiniti Retail. Infiniti Retail is the same division under the Tata Group that owns and operates the chain Croma across India.

The Apple stores will be opened in malls and high-street and neighborhood locations and will be more petite than Apple Premium Reseller stores. Typically, Premium Reseller stores spread over 1,000 sq ft. The smaller stores will sell iPhones, iPads, and watches. Tata has already started discussions with premium malls and high streets for space.

Apple’s first company-owned flagship store will likely launch in India in March in Mumbai in 2023. Apple had told its local franchise partners that its company-owned stores increase sales for both partners and retailers.

According to CyberMedia Research (CMR) report, 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. Apple 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 workforce and assembly lines to achieve that.

India has emerged as a significant market for Apple, especially regarding iPhones and wearables. That is why Apple wants to increase its presence in India through company-owned retail stores and production facilities. Tata, recognizing this, had decided to get involved with the production and sale of the iPhone, anticipating that within the next five years, Apple would be exporting a significant portion of the iPhones manufactured in India.

The latest development comes less than two weeks after the Economic Times reported that the Tata Group was talking about buying Wistron Corp’s only iPhone factory in India for a record $605 million.

Another reason Apple is looking to expand the number of retail stores that they and Tata own may be because several authorized resellers and other outlets have taken advantage of the shortage of the iPhone 14 Pro models and sold them at a premium and in black.

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