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

Post acquisition, Pegatron will undergo rebranding to reflect its new ownership structure and business directions.

Both Tata Electronics and Pegatron would integrate their teams, with Pegatron undergoing a rebranding as part of the collaboration as the part of the deal.

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

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

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

This comes as Tata Electronics is trying to move beyond supplying only to Apple. ET reported that the company is in talks with Xiaomi and Oppo to begin contract manufacturing for the Chinese smartphone companies.