Tata Electronics Acquires 60% Stake in Pegatron India’s iPhone Manufacturing Plant

[{"selector":"#anim-59e19876-2131-4824-92dd-b4fecfcf8b9f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-351545e7-deaa-4253-87e9-42d095d6d185","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tata Electronics Acquires 60% Stake in Pegatron India’s iPhone Manufacturing Plant

[{"selector":"#anim-34978253-7156-4fce-832e-bdb7cdd0e193","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9d1034ee-4f00-4b21-9bc9-87c66bf3854a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Key Acquisition Highlights: – Tata Electronics acquires a 60% stake in Pegatron Technology India. – Acquisition follows Tata's takeover of Wistron’s India operations in March 2024. – Pegatron India caters to global clients, including Apple .

[{"selector":"#anim-9773496d-8021-4d84-9b6b-9f98d5d5b4ca","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a0a2d6b1-a240-4514-acf3-5c122b772bd8","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Strengthening iPhone Manufacturing: – Tata already operates an iPhone assembly plant in Karnataka . – New iPhone facility under construction in Hosur, Tamil Nadu. – Acquisition enhances Tata’s role in the Apple supply chain .

[{"selector":"#anim-787e5bb4-2022-4806-9bfd-2fdf79cba6bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f095ec78-3ee0-42f5-8a77-e1f69d427749","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Strategic Move for Growth: – Pegatron India to undergo rebranding under Tata’s ownership. – Integration of teams from Tata Electronics and Pegatron. – Reinforces India’s position as a growing hub for electronics manufacturing.