Tata Electronics has successfully taken a controlling 60% stake in Pegatron's Indian unit, further solidifying its ambition to increase iPhone production within the region. This acquisition follows Tata's earlier purchase of Wistron's local operations, demonstrating their commitment to expanding manufacturing capabilities in India. Pegatron, an essential partner for Apple, operates an iPhone assembly plant in Tamil Nadu. CEO Randhir Thakur stated that this move aligns with Tata Electronics' strategy to enhance its manufacturing footprint, promoting a future of technology-driven production facilities in the country.
The acquisition of a majority stake in Pegatron Technology India fits into Tata Electronics' strategy of growing our manufacturing footprint. 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.
This move follows Tata Electronics' previous acquisition of Wistron's local business, emphasizing the conglomerate's aggressive expansion in the iPhone manufacturing sector within India.
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