Tata Electronics has acquired a 60% stake in Pegatron’s iPhone manufacturing plant in India. Again in March final 12 months, Tata additionally purchased Wistron’s operations in India, so it is clearly severe about changing into a giant participant in electronics manufacturing in India.
The acquisition of the controlling stake in Pegatron Know-how India has been cleared by the Competitors Fee of India. Following the acquisition, Pegatron India will endure a rebranding to align with the brand new possession construction.
Tata has already been working an iPhone meeting plant in Karnataka, acquired through the Wistron acquisition final 12 months, and now it is changing into a good greater participant in Apple’s provide chain. Tata can also be within the means of constructing one other iPhone meeting facility in Hosur, Tamil Nadu.
All of this underlines India’s rising significance as a hub for electronics manufacturing.
