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.

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.

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.

Tata Electronics said on Friday it will acquire a majority 60% stake in Pegatron Technology India to grow its manufacturing footprint.

Tata acquires a controlling stake in Pegatron Technology India. This and more in today’s ETtech Top 5. Also in the letter: ■ Payment gateways under ED lens ■ Fintechs eye Budget boost ■ LTIMindtree appoints new CEO Tata Electronics acquires 60% stake in Pegatron Technology " data-src="/img/117525264/Master.

Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, stated that it has purchased a controlling 60% investment in Pegatron Technology India Private Limited (PTI) as part of a strategic initiative to support India's electronics manufacturing ecosystem.

Tata Electronics has confirmed that it has acquired a controlling 60% stake in Pegatron Technology India. This strategic acquisition comes on the heels of Tata Electronics’ takeover of Wistron’s India operations in March 2024,

Tata Electronics Pvt Ltd has acquired a 60% stake in Pegatron Technology India, solidifying its presence in India's electronics sector. This move aligns with the Tata Group's strategic growth in technology manufacturing,

Tata Electronics Private Limited (TEPL) has successfully acquired a 60% controlling stake in the Pegatron Technology India Private Limited (PTI), a major assembly partner for Apple. The strategic move comes as part of Tata's plan to ramp up its iPhone production capacity in India.

As part of this deal, Tata Electronics and Pegatron will integrate their teams, while the latter will undergo rebranding.