Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner, Pegatron, as the conglomerate expands its iPhone

Tata Electronics said on Friday it has bought a 60% stake in Taiwanese contract manufacturer Pegatron's India unit that operates an iPhone plant, beefing up the Tata group firm's position as an Apple supplier in a fast growing market.

The purchase comes after TEPL’s acquisition of Wistron’s India operations at Narsapura, Karnataka less than a year ago in March

In a fillip to the government’s ‘Make in India’ initiative, Tata Electronics on Friday acquired a controlling 60 per cent stake in Pegatron Technology India, which produces Apple products like

Tata Electronics has acquired a 60% stake in Pegatron's India unit, which operates an iPhone plant in Tamil Nadu. This acquisition positions Tata Electronics as a significant Apple supplier in India.

Tata Electronics Pvt Ltd has acquired a 60% stake in Pegatron's India unit, reinforcing its position in Indian electronics manufacturing. Pegatron India, a Pegatron Corporation subsidiary, provides electronics manufacturing services.

In FY24, iPhone exports from India hit the $10-billion mark. In the current fiscal, it has reached 70% of last year’s exports within the first seven months.

It now owns three iPhone assembly factories. Tata Electronics has acquired a 60% stake in Pegatron's iPhone manufacturing plant in India. Back in

TAIPEI/BENGALURU -- India's Tata Electronics said on Friday it would acquire a 60% stake in Taiwanese electronics giant Pegatron's Indian plants, paving the way for Apple to deepen its supply chain in the South Asian country amid U.S.-China tensions.

The announcement is coming after the Competition Commission of India (CCI) gave an approval to Tata Electronics to acquire the majority stake in the company