Tata Electronics Acquires 60% Stake in Pegatron India

Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, has acquired a 60% controlling stake in Pegatron Technology India Private Limited (PTI). This acquisition is aimed at expanding TEPL's local iPhone manufacturing footprint in India.

Here are some key points about the acquisition:

Strategic Vision: The acquisition aligns with Tata Sons' Chairman N Chandrasekaran's vision of bolstering investments in India's electronics manufacturing sector.

Integration: TEPL and PTI will work on integrating their teams to ensure seamless collaboration.

Rebranding: Post acquisition, Pegatron will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services.

Previous Acquisitions: This move follows TEPL's acquisition of Wistron's India operations in March 2024.

Future Plans: TEPL aims to expand its manufacturing footprint and move into AI, digital, and technology-led manufacturing.

This acquisition solidifies TEPL's position as a key player in the Indian electronics manufacturing sector.