Tata to take over Pegatron iPhone mfg unit in Chennai

Tata to take over Pegatron Gold hits all-time high; crosses 71K mark iPhone mfg unit in Chennai

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AFTER taking over the iPhone assembly plant of Wistron in 2023, Tata Group is all set to take control of another iPhone manufacturing facility owned by Pegatron in the country.

Tata is reportedly planning to hold at least a 65% stake in a joint venture that will operate the Pegatron plant near Chennai. The report, citing two sources, mentioned that a Taiwanese firm, Pegatron, will provide technical support.

Tata, one of the largest conglomerates in India, will operate the joint venture through its Tata Electronics unit. The deal is said to get the backing of Apple Inc. The talks between Tata and Pegatron for the factory are expected to close in six months and will see all Pegatron India employees move to the joint venture entity.