Tata Acquires Majority Stake in Pegatron’s Indian iPhone Plant

Tata Electronics has taken a 60% stake in Pegatron’s only iPhone manufacturing plant in India, forming a joint venture with Pegatron retaining 40% and providing technical expertise.

Strategic Move for Apple Supply Chain Diversification
The acquisition aligns with Apple’s efforts to diversify its supply chain beyond China due to geopolitical tensions, further strengthening Tata’s role as an Apple supplier.

Boost to Tata’s iPhone Manufacturing Capacity
The Chennai facility, producing 5 million iPhones annually with around 10,000 employees, will become Tata’s third iPhone manufacturing plant in India.

India’s Growing Role in Global iPhone Production
Analysts predict India’s contribution to global iPhone shipments will rise to 20-25% in 2023, up from 12-14% last year.

Approval and Future Expansion Plans
Tata and Pegatron will soon seek approval from the Competition Commission of India (CCI) to finalize the deal. Tata also operates iPhone assembly plants in Karnataka and Tamil Nadu, further solidifying its position in Apple’s supply chain.