CHENNAI, INDIA – Tata Electronics has acquired a 60% controlling stake in Pegatron's India unit as it looks to expand its iPhone manufacturing capabilities in the country.

The move comes after Tata acquired Wistron's assembly business in India earlier in 2024, which included a plant in the country's Karnataka state and made the company the first from India to produce iPhones.

The deal with Pegatron includes its iPhone assembly facility in Chennai, and after the acquisition, and Tata will focus on integrating the two companies' teams while rebranding Pegatron's operations to reflect its new ownership structure, the company said in a statement.

"The acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics' strategy of growing our manufacturing footprint," said Tata Electronics CEO and managing director Randhir Thakur. "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."

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