Tata Electronics aims to acquire over 50% stake in Pegatron's India plant, producing iPhones and employing 10,000 people.
Tatas eye majority stake in Pegatron's India plant, expanding electronics manufacturing and strengthening Apple ties. Tata Electronics is in advanced stages to take control of Taiwanese company Pegatron's India unit, with plans to own over 50% stake. The plant, located near Chennai, produces five million iPhones annually and employs around 10,000 people. The deal, if concluded, would be Tata Electronics' second acquisition after Wistron InfoComm Manufacturing (India).
April 08, 2024
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