New Delhi, January 24, 2025.
Tata Electronics said on Friday it has bought a 60 per cent 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 stake acquisition in Pegatron Technology India is for Apple Inc’s iPhone plant near the southern city of Chennai, a source familiar with the matter told Reuters.
The company will now have two plants in the southern state of Tamil Nadu and one in neighboring Karnataka, which it took over from Taiwan’s Wistron last year.
