Tata Electronics, the electronics manufacturing business of Tata Group, announced on Friday that it has acquired a controlling 60% stake in Pegatron Technology India Private Limited (PTI).
TATA,Pegatron,iPhone
Tata Electronics, the electronics manufacturing business of Tata Group, announced on Friday that it has acquired a controlling 60% stake in Pegatron Technology India Private Limited (PTI).
The financial details of the deal were not available, but the move will enable the company to expand its local iPhone manufacturing.
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As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly.
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Under the arrangement, the PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services.
This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector.
“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,” Randhir Thakur, the CEO & MD of Tata Electronics, said in a statement.
Pegatron India is the subsidiary of Taiwanese company Pegatron Corporation, which provides contract-based electronic manufacturing services to companies such as Apple.
Notably, the Pegatron deal comes less than a year after the electronics manufacturing arm of the conglomerate acquired Wistron’s India operations in Narsapura, Karnataka, in March 2024.
Recently, Tata Sons Chairman N Chandrasekaran said that the group plans to open nine new factories within the next 24 months and will invest $18 billion in electronics and semiconductors.
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