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

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

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

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.