Tata Electronics has secured a controlling 60% stake in Pegatron’s Indian subsidiary, marking a key development in the company’s strategy to enhance its iPhone manufacturing capabilities in India.
Pegatron, a Taiwanese firm, operates three iPhone production facilities in India, including one near Chennai in Tamil Nadu.
This acquisition follows Tata Electronics’ purchase of Wistron’s Indian business less than a year ago, underscoring its growing role in Apple’s manufacturing network in India. While the financial terms of the deal have not been disclosed, Tata emphasized that the move aligns with its goal to expand its manufacturing presence in India.
Randhir Thakur, CEO and Managing Director of Tata Electronics, expressed excitement about the acquisition, highlighting that it will drive the company’s efforts in AI, digital, and technology-driven manufacturing. He stated, “We look forward to ushering in a new era of AI, digital, and technology-led manufacturing as we establish new facilities and expand our operations in India.”
Since it began assembling iPhones in India last year, Tata has become a key partner for Apple in the region, as the tech giant seeks to diversify its production away from China. This acquisition strengthens Tata’s position within Apple’s supply chain and bolsters its manufacturing capacity in one of the world’s largest smartphone markets.
As part of the deal, several key Pegatron employees, particularly those with technical and operational expertise, will continue to work at the production plants to ensure smooth transitions. This acquisition further enhances Tata’s role in Apple’s plan to shift part of its supply chain to India, reinforcing the country’s growing importance as a major hub for Apple’s global manufacturing operations.
