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Apple discusses becoming a supplier for iPhone components in India, causing shares of Bharat Forge to drop.
Apple is in talks with Bharat Forge, part of the Kalyani Group, to become an iPhone component supplier in India.
This move follows Apple's efforts to diversify manufacturing away from China.
Shares of Bharat Forge and Kalyani Forge fell after the news, dropping 2.65% and 3.05% respectively.
Apple has been increasing its local value addition in India, working with other Indian entities like Tata Group and Motherson Group.
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Apple discute convertirse en un proveedor para los componentes del iPhone en la India, causando que las acciones de Bharat Forge caigan.