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Tata Group is close to acquiring a majority stake in Pegatron’s iPhone manufacturing facilities in India, according to Bloomberg. This deal would solidify Apple’s partnership with one of India’s largest conglomerates.
Talks are in the final stages, with Tata Electronics Ltd. expected to take over Pegatron’s existing and upcoming iPhone production plants in Tamil Nadu. Pegatron is likely to share its manufacturing expertise to ensure a smooth transition.
This move aligns with Apple’s strategy to increase iPhone production in India, supported by government incentives. The Indian government aims to diversify its supply chain and reduce reliance on China.
