RT team
Tata Electronics has announced a 60% controlling stake in Pegatron Technology India Private Limited, a subsidiary of Taiwan’s Pegatron Corporation. Industry sources say this move will narrow Tata’s gap with Foxconn in iPhone assembly for Apple in India.
The newly acquired Pegatron plant near Chennai follows Tata’s purchase of Wistron’s iPhone facility in Narsapura, Karnataka, in March 2024.
Data submitted to Indian authorities for 2024 indicates the country’s total iPhone production value reached Rs 1,50,000 crore. Foxconn contributed Rs 84,000 crore, while Tata Electronics accounted for Rs 40,000 crore and Pegatron the remainder. With this acquisition, Tata’s production share will rise to 44%, getting closer to Foxconn’s lead.
Additionally, Tata Electronics will absorb Pegatron’s 17,000 employees, elevating its total workforce to 48,000. Its share of iPhone exports, at 29% in 2024, is set to rise after incorporating Pegatron’s operations.
Randhir Thakur, CEO and Managing Director at Tata Electronics, said the move aligns with the firm’s strategy of expanding its manufacturing footprint, heralding an era of AI-driven production. Observers note that Pegatron had slowed output during negotiations, but expect production to rebound post-takeover, challenging Foxconn’s dominance.
Tata is also investing in a new plant in Hosur, Tamil Nadu, expected to begin commercial output later this year. Foxconn invests $2 billion to expand Indian operations. Production soared from Rs 14,300 crore to Rs 40,000 crore, marking a 180% leap for Tata Electronics’ iPhone assembly.
