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Tata, iPhone and Pegatron
Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say
India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier,
Tata to buy majority stake in Pegatron for its iPhone plant in Tamil Nadu
Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support
Tata seals deal with Pegatron for iPhone plant in Tamil Nadu, sources say
Tata Electronics will acquire a majority stake in Pegatron's iPhone manufacturing plant in India. The deal will create a new joint venture, with Tata holding 60% and Pegatron holding 40%. This move strengthens Tata's position as an Apple supplier.
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