In a move to consolidate its position as Apple’s supplier, Tata Electronics has acquired a 60% stake in Pegatron’s only iPhone manufacturing plant in India The new business combination is an important milestone in Tata’s expansion at In the iPhone industry, Apple global for India role in the supply-chain
According to sources familiar with the matter, Tata will manage the day-to-day operations of the Chennai-based plant while Pegatron holds a 40% stake and provides technical support Though financial details are unknown, the development was announced inside the office last Friday.
Apple’s strategic pivot to diversify its supply chain beyond China has accelerated its investments in India, which due to geopolitical tensions between Beijing and Washington the purchase of Tata is an important step in this transformation, as India’s iPhone leading manufacturer Foxconn. It competes with the organization.
The Chennai plant employs about 10,000 workers and manufactures 5 million iPhones annually, making it Tata’s third-largest iPhone manufacturing plant in the country The group already operates an assembly unit in Karnataka and in Hosur, Tamil Nadu is expanding another in next to the component-manufacturing plant
India’s growing importance in Apple’s supply chain is reflected in estimates that the country will contribute 20-25% of total iPhone shipments this year, up from 12-14% growth in 2023, as an important player in Apple’s global operations Strengthens its role.
The companies plan to seek approval from the Competition Commission of India (CCI) in the coming days, signaling their commitment to scale up and support the growing Indian electronics sector.
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