Tata Electronics has acquired a 60% controlling stake in Pegatron’s Indian subsidiary, marking a significant step in the conglomerate’s push to boost its iPhone manufacturing capabilities in India.
Pegatron, a Taiwanese company, operates three iPhone production plants in the country, including one in Tamil Nadu near Chennai.
This deal follows Tata Electronics' acquisition of Wistron’s Indian business less than a year ago, signalling its expanding role in Apple’s production chain in India. While the financial details of the acquisition were not disclosed, Tata stated that the move aligns with its strategy to increase its manufacturing footprint in the country.
Randhir Thakur, CEO and Managing Director of Tata Electronics expressed enthusiasm about the deal, noting that the acquisition will help the company lead the way in AI, digital, and technology-led manufacturing. He said, "We look forward to a new era of AI, digital and technology-led manufacturing as we bring up these new facilities and expand our operations in India."
Since beginning iPhone assembly in India last year, Tata has emerged as one of Apple’s key partners in the region, as the tech giant aims to diversify its production base beyond China. The acquisition of Pegatron’s India unit enhances Tata’s position in Apple's supply chain and strengthens its manufacturing capabilities in one of the world’s largest smartphone markets.
Pegatron’s continued role in India
As part of the deal, some key Pegatron personnel, including those with technical and operational expertise, will remain at the production plants to ensure smooth operations. This acquisition positions Tata to play a more significant role in Apple's strategy to shift part of its supply chain to India, further cementing the country's place as a key hub in Apple’s global manufacturing operations.
