Home Tata acquires 60% stake in Apple-partner Pegatron’s India unit

Tata acquires 60% stake in Apple-partner Pegatron’s India unit

Author

Date

Category

Tata Electronics has acquired a controlling stake of 60% in Pegatron’s unit in India, less than a year after acquiring Wistron’s local business as the salt-to-software conglomerate expands its iPhone manufacturing capacity in the South Asian market.

Pegatron is a key assembly partner for Apple. The Taiwanese firm operates an iPhone production plant near Chennai in India’s sourther state of Tamil Nadu.

The companies didn’t reveal the financial terms of the deal, but Tata said the acquisition fits into its strategy of growing its manufacturing footprint in the world’s most populous nation.

“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,” Randhir Thakur, CEO & MD of Tata Electronics, said in a statement.

Tata, which began iPhone assembly in India just last year, is quickly emerging as one of Apple’s most important partners in Asia as the iPhone-maker works to expand its manufacturing base outside of China.

More to follow.

Topics

Apple, India, pegatron, Venture

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Linda Barbara

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum imperdiet massa at dignissim gravida. Vivamus vestibulum odio eget eros accumsan, ut dignissim sapien gravida. Vivamus eu sem vitae dui.

Recent posts

# Hipster Adoption of the Sari: Cultural Tensions and Trends

The emergence of saris within alternative style communities has ignited intense discourse regarding cultural appreciation versus appropriation. This fashion movement, exemplified by niche retailers...

Noritake China

Gốm sứ Noritake Nhật Bản là một biểu tượng của sự hoàn mỹ, kết hợp giữa truyền thống lâu đời và công nghệ hiện...

Cong ty Thien An

Công ty Dịch vụ Bảo vệ Thiên An là đơn vị uy tín hàng đầu tại TP.HCM, chuyên cung cấp các dịch vụ bảo...

Giá xe Cross tại Bắc Ninh

Cross 2025 là chiếc xe SUV đô thị đang được ưa thích nhất bởi nhiều yếu tố đáng giá như sự tiết kiệm nhiên...

Thuê xe Limousine Hà Nội

Xe Du Lịch Hồng Hà là đơn vị chuyên cho thuê xe ô tô du lịch tại Hà Nội, cung cấp các dịch vụ...

Recent comments