Tata has reportedly purchased a controlling stake in a former Pegatron iPhone plant — picture credit score: Pegatron
India’s Tata Electronics is reportedly shopping for a 60 p.c stake in Taiwan-based Pegatron’s solely India iPhone facility, strengthening Tata’s place as Apple’s foremost provider companion within the nation.
Pegatron and the Tata Group have been negotiating since at the least April 2024. This plant, which has some 10,000 workers and helps make 5 million iPhones yearly, will give Tata its third iPhone manufacturing facility in India, based on Reuters.
Tata beforehand purchased out a Wistron iPhone meeting facility within the southern state of Karnataka.
The brand new deal is claimed to have Tata operating each day operations on the former Pegatron plant, with Pegatron offering technical assist, based on sources. The association has but to be confirmed publicly by Pegatron, the Tata Group, or Apple.
Nonetheless it’s stated that the information was introduced internally at Pegatron and the Tata Group inside the previous couple of days. The 2 corporations are actually stated to be submitting for an approval of the cope with the Competitors Fee of India (CCI).
The Chennai-based plant was Pegatron’s solely enterprise in India. Apple has been increasing manufacturing services exterior of China and Taiwan the place potential, as a result of rising regional tensions.
Tata Group is considered one of India’s largest manufacturing conglomerates, and has change into a significant Apple provider in India over the previous yr. Tata additionally plans to construct a second iPhone element facility in Hosur in Tamil Nadu.
The conglomerate’s present facility there — once more previously owned by Pegatron — suffered a dangerous hearth in October 2024, and stays closed indefinitely till remediation is full.
