Tata Group acquires 60 percent stake in iPhone manufacturing plant Pegatron

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Tata Group acquires 60 percent stake in iPhone manufacturing plant Pegatron

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  • The deal is from a strategic point of view to increase iPhone manufacturing in India
  • Pegatron will undergo rebranding and teams from both companies will be seamlessly integrated to work.
Apple India

In March last year, Tata Group completed the acquisition of Wistron’s India operations, making it the country’s first homegrown iPhone maker. Now, the Indian group has acquired 60 percent controlling stake in Pegatron. The Taiwan-based Apple contract manufacturer has an iPhone production plant in India. Foxconn is the only other major Apple contract manufacturer in India. With the latest deal, Tata aims to become a bigger player in the Cupertino-based tech giant’s supply chain.

Tata Group buys Pegatron’s iPhone plant in India

  • The Pegatron acquisition is said to be a strategic move from Tata as it positions the latter as a major apple supplier, according to a report By reuters,
  • this also Bolts Indian group’s strategy to expand its manufacturing footprint,
  • As a part of the deal, Pegatron will undergo rebranding in the coming months to reflect the new ownership structure,
  • Both companies will integrate their teams to work seamlessly.
  • Pegatron’s iPhone manufacturing plant is located near the southern city Chennai,
  • Tata group has another assembly plant Karnataka After acquiring 100 per cent stake in Wistron last year.
  • Pegatron and Tata did not clearly disclose the financial terms of the deal.
  • Tata Group is also reportedly in the process of building The largest iPhone factory in India in Hosur, Tamil Nadu,

Since COVID-19, Apple has been rapidly expanding its manufacturing base outside China. While India has emerged as the key destination, Tata’s acquisition of Wistron and now Pegatron highlights the company’s interest in iPhone manufacturing in India. It also underlines India’s growing importance in becoming an electronics manufacturing hub.

As for Apple, the iPhone 16 Pro models were assembled at Foxconn’s factory in India for the first time last year. The company has been witnessing gradual growth in the country and has recently become one of the top five smartphone brands. It is expected to open four new retail stores across India in the future.

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