Schedule a Call Back
Tata to acquire 60% stake in Pegatron India operations
Industry News- Nov 19,24
Tata’s partnership with Pegatron comes amid Apple's push to diversify its production base outside China, with India poised to contribute 24% of global iPhone production this year—double the previous year’s share.
The Tata Group has announced plans to acquire a 60% stake in Pegatron’s India operations, further cementing its position as a key manufacturer for Apple. This move follows Tata’s acquisition of Wistron’s India business last year, making the conglomerate a significant partner for the American tech giant alongside Taiwanese manufacturer Foxconn.
Under the leadership of N Chandrasekaran, Tata has made significant strides in Apple's manufacturing ecosystem, including producing the latest iPhone 16 models. This acquisition aligns with Tata’s broader ambitions in electronics manufacturing, including its foray into semiconductor production in India. Pegatron, which accounted for 10% of iPhone production in India last year, operates a factory in Tamil Nadu capable of producing five million iPhones annually and employing around 10,000 workers.
Sources reveal that Pegatron sought an Indian partner due to tight margins and challenges in managing labour demands in southern India. This reflects broader concerns among Apple’s suppliers about maintaining high-quality production standards and managing workforce expectations.
Tata’s partnership with Pegatron comes amid Apple's push to diversify its production base outside China, with India poised to contribute 24% of global iPhone production this year—double the previous year’s share. Additionally, the Indian government is encouraging Apple to expand its manufacturing footprint in the country, including producing MacBooks and iPads. While these products are not yet made in India, Apple plans to begin manufacturing AirPods next year, with casings produced by Jabil in Pune and assembly by Foxconn in Telangana.
Tata and Pegatron are also expected to collaborate on a new factory in Hosur, Tamil Nadu, further bolstering India’s position as a key hub in Apple’s global supply chain.
(TOI)
Related Stories
Electrical & Electronics
Agratas Completes Steel Frame at Sanand Battery Plant
Agratas advances its Sanand battery facility with steel frame completion, marking a key milestone towards 2027 production and supporting India’s clean energy ambitions.
Read moreMaterial Handling Equipment
Godrej, Tata Capital launch forklift finance leasing solutions
Godrej Enterprises Group and Tata Capital partner to introduce finance leasing for intralogistics equipment, enabling businesses to scale with lower upfront costs and transition to energy-efficient ..
Read moreAutomation & Robotics
How Digitalisation Is Transforming New Product Introduction
Digitalisation is transforming new product introduction by enabling faster collaboration, real-time monitoring and reduced time-to-market across manufacturing value chains, write R Jayaraman and Ras..
Read moreRelated Products
Ultra-slim Humidity/temperature Indicator With Large 4” Display
ELECTRICAL & ELECTRONIC EQUIPMENT
Countronics offers a wide range of ultra-slim humidity/temperature indicator with large 4” display – Model 7100-4W.
Read more
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
