Tata Electronics Acquires 60% Controlling Stake in Pegatron Technology India to Bolster Electronics Manufacturing Capabilities

Tata Electronics has acquired a 60% stake in Pegatron's iPhone manufacturing plant in Tamil Nadu, India, forming a joint venture to enhance its position as an Apple supplier. Tata will manage daily operations, while Pegatron retains a 40% stake and provides technical support. The plant employs around 10,000 workers and produces approximately 5 million iPhones annually.

This strategic move aligns with Apple's efforts to diversify its supply chain beyond China amid geopolitical tensions. The acquisition marks Tata's third iPhone manufacturing facility in India, reinforcing its competitive presence in the market.

Source: Reuters