According to two persons with knowledge of the situation, the Economic Times daily claimed on Monday that Indian conglomerate Tata Group, which produces everything from salt to software, planned to open 100 stores entirely selling Apple Inc. products.
According to the source, Apple-authorised reseller Infiniti Retail, which owns the Croma brand of consumer electronics stores, would open shops in neighbourhood, high-street, and mall locations.
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.
The most recent development occurs less than two weeks after the Economic Times published a report claiming that the Tata Group was in negotiations to purchase the sole manufacturing site in India of Wistron Corp. for up to 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. $1 is equal to 82.6250 Indian rupees.