Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner Pegatron as the conglomerate expands its iPhone-manufacturing capacity in the country. Pegatron’s Role in India Taiwan-based Pegatron operates three iPhone production plants in India,

Tata Electronics bought a 60% stake in Pegatron’s Indian plants, Nikkei Asia reported Friday. According to industry sources, the transaction covers Pegatron’s three iPhone assembly plants, key managers,

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

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

Pegatron Technology India will undergo rebranding to reflect its new ownership structure and business direction,' says Tata Electronics

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

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.