Tata Electronics buys 60% of iPhone maker Pegatron India, boosting local manufacturing.
Tata Electronics has purchased a 60% stake in Pegatron Technology India, a company that manufactures iPhones near Chennai. This acquisition strengthens Tata's position in India's electronics manufacturing and aligns with Apple's strategy to diversify its supply chain beyond China. Pegatron will undergo rebranding, and both companies will integrate their teams. This move follows Tata's acquisition of Wistron's India operations last year and supports the Indian government's "Make in India" initiative.
2 months ago
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