The acquisition will result in a joint venture, in which Tata will own 60% and Pegatron will have 40% interest.
Tata strengthens iPhone production with Pegatron deal, expanding Apple's supply chain beyond China into India.
Tata strengthens iPhone making operations with Pegatron deal Tata seals 60-40 JV with Pegatron for iPhone plant, sources say ...
This deal will enhance Tata's iPhone manufacturing operations, as the company already operates a plant in Karnataka. Tata ...
(Reuters) Tata Electronics is set to acquire a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron's ...
Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron’s only iPhone manufacturing plant in India.
Reports earlier this year suggested that Pegatron had Apple’s backing for the transaction as the Taiwanese company scaled ...
The Chennai plant, which employs around 10,000 workers and manufactures over 5 million iPhones annually, will become Tata’s ...
This move strenthen Tata group’s position as a key player in Apple's supply chain, expanding from salt and steel production to high-tech electronics manufacturing.