Tata Electronics buys 60% controlling stake in Pegatron India

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Tata Electronics Private Limited (TEPL) has acquired a controlling 60% stake in Pegatron Technology Private Limited. The move is aimed at expanding TEPL’s local iPhone manufacturing footprint in India. Less than a year ago, the company had acquired Winstron India’s operation.

TEPL, which is a wholly-owned subsidiary of Tata Sons, said the latest acquisition aligns with Tata Sons’ Chairman N Chandrasekaran’s vision of investments by the Tata Group in electronics manufacturing.

"As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly. PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services,” the company statement read.

“This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector," it added.

Pegatron India is the subsidiary of Taiwanese company Pegatron Corporation, which provided contract-based electronic manufacturing services to companies such as Apple. It also exports products across North America, Asia and Europe.