According to a source citing two persons with knowledge of the situation, Indian salt-to-software conglomerate Tata Group intends to open 100 stores throughout the nation that will only offer Apple Inc (AAPL.O) products.
A brief about Tata group is planning to open 100 exclusive apple stores in India
According to the article, Croma, a chain of consumer electronics stores owned by the Tata Group’s Infiniti Retail, would open outlets in the neighborhood, high-street, and mall sites as an Apple-authorized reseller.
A retail consultant with knowledge of the situation informed the publication that Tata has started talks with high-end malls and high streets, and the lease agreements specify which brands and stores cannot be opened next to these outlets.
Calls and emails from Reuters seeking comment from Apple and Tata Group were not immediately returned.
Earlier this month, the Economic Times reported that the Tata Group was in negotiations to purchase Wistron Corp’s (3231. TW) sole manufacturing site in India for much of 50 billion rupees ($605 million).
According to a September Bloomberg article, Tata and Taiwan’s Wistron, one of Apple’s top suppliers in India, were in talks to establish a joint venture to make iPhones there. 82.62 Indian rupees are equal to $1.