Tata Electronics said on Friday it has bought a 60% stake in Taiwanese contract manufacturer Pegatron's India unit that operates an iPhone plant, beefing up the Tata group firm's position as an Apple supplier in a fast growing market.

Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner, Pegatron, as the conglomerate expands its iPhone

TAIPEI/BENGALURU -- India's Tata Electronics said on Friday it would acquire a 60% stake in Taiwanese electronics giant Pegatron's Indian plants, paving the way for Apple to deepen its supply chain in the South Asian country amid U.S.-China tensions.

Tata Electronics, the electronics manufacturing business of Tata Group, announced on Friday that it has acquired a controlling 60% stake in Pegatron Technology India Private Limited (PTI).

Tata Electronics said on Friday it will acquire a majority 60% stake in Pegatron Technology India to grow its manufacturing footprint.

Tata Electronics Pvt Ltd has acquired a 60% stake in Pegatron Technology India, solidifying its presence in India's electronics sector. This move aligns with the Tata Group's strategic growth in technology manufacturing,

Tata Electronics Private Limited (TEPL) has successfully acquired a 60% controlling stake in the Pegatron Technology India Private Limited (PTI), a major assembly partner for Apple. The strategic move comes as part of Tata's plan to ramp up its iPhone production capacity in India.

As part of this deal, Tata Electronics and Pegatron will integrate their teams, while the latter will undergo rebranding.

This acquisition solidifies Tata Electronics’ position as a key supplier to iPhone maker Apple in the Indian electronics manufacturing sector.

Tata Electronics has picked up a controlling 60% stake in Pegatron Technology India, strengthening its position in India’s electronics

Pegatron Technology India will undergo rebranding to reflect its new ownership structure and business direction,' says Tata Electronics