Tata Electronics has purchased a 60% stake in Pegatron's iPhone manufacturing plant in India, following its previous acquisition of Wistron's operations. This move positions Tata as a significant player in Apple's supply chain, emphasizing India's rising prominence as an electronics manufacturing hub. The deal has been approved by the Competition Commission of India and will lead to a rebranding of Pegatron Technology India. Additionally, Tata is constructing another iPhone assembly facility in Tamil Nadu, further solidifying its commitment to the sector.
Tata Electronics has taken a significant step by acquiring a 60% stake in Pegatron's iPhone manufacturing plant in India, reinforcing its ambitions in electronics.
This acquisition marks Tata's serious commitment to becoming a leader in India's electronics manufacturing, following its earlier purchase of Wistron's operations.
With the Competition Commission of India's approval, Tata's acquisition of Pegatron Technology India facilitates a rebranding to better fit its new ownership.
As Tata expands, it highlights India's increasing relevance as a key hub for global electronics manufacturing.
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