ANN/THESTRAITS TIMES – Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will only sell Apple products, the Economic Times newspaper reported yesterday, citing two sources aware of the matter.
Tata Group’s Infiniti Retail, which runs the consumer electronics store chain Croma, will be an Apple-authorised reseller and set up stores at shopping malls, high street and neighbourhood 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 outlet.
Apple and Tata Group did not immediately respond to Reuters’ calls and e-mails seeking comment.
The latest development comes less than two weeks after the Economic Times reported that the Tata Group was in talks to buy Wistron Corp’s only manufacturing facility in India for up to INR50 billion.