Tata's entry into iPhone assembly began only last year, but the conglomerate has quickly become a significant partner for Apple in Asia

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 Elec

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.

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

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.

Tata Group takes a significant step in India’s electronics manufacturing landscape with a strategic Pegatron India acquisition.

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.

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

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.