Tata Electronics, a leading Indian conglomerate, has acquired a 60% controlling stake in the Indian arm of Taiwan-based Pegatron, a key assembly partner of Apple. This strategic move marks a significant expansion of Tata's iPhone manufacturing capacity in India, solidifying its position as one of Apple's most important partners in Asia.

The deal, announced recently, sees Tata Electronics taking control of Pegatron's iPhone production plant near Chennai in India's southern state of Tamil Nadu. Although the financial terms of the agreement remain undisclosed, Tata Electronics has emphasized that the acquisition aligns with its strategy of growing its manufacturing footprint in India.

This development comes less than a year after Tata Electronics acquired smartphone assembly company Wistron's Indian business, further underscoring the conglomerate's commitment to establishing a robust manufacturing presence in the country. Randhir Thakur, CEO & MD of Tata Electronics, expressed enthusiasm for the acquisition, stating, "We look forward to a new era of AI, digital and technology-led manufacturing as we bring up these new facilities and expand our operations in India."

Tata Electronics began assembling iPhones in India only last year, but the company is rapidly emerging as a crucial partner for Apple in Asia. As the tech giant continues to diversify its manufacturing base beyond China, Tata Electronics is poised to play a vital role in Apple's supply chain. The acquisition of Pegatron's Indian arm is expected to significantly boost iPhone production capacity in India, supporting Apple's efforts to reduce its dependence on Chinese manufacturing.

The implications of this deal extend beyond the immediate expansion of iPhone production capacity. The acquisition is likely to have a positive impact on India's economy, generating employment opportunities and stimulating local economic growth. Furthermore, the partnership between Tata Electronics and Apple is expected to drive innovation and investment in India's technology sector, fostering a competitive ecosystem that benefits both domestic and international players.

As Tata Electronics continues to strengthen its partnership with Apple, the Indian conglomerate is well-positioned to capitalize on the growing demand for smartphones in India and beyond. With its expanded manufacturing capacity and commitment to technology-led innovation, Tata Electronics is set to play a pivotal role in shaping the future of India's technology landscape.

Stay tuned for further updates on this developing story as more information becomes available.