Tata Group may close acquisition of Pegatron's iPhone operations as soon as next month

Tata Group is reportedly nearing a deal to acquire a majority stake in Pegatron Corp's iPhone manufacturing facilities in India. According to a report in Bloomberg, "Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates."

This move would solidify Apple's relationship with one of India's most powerful business group.

Talks are in the final stages, with Tata Electronics Ltd poised to take over Pegatron's operations after the acquisition. The deal includes an existing iPhone production plant near Chennai and another under construction, both located in Tamil Nadu. Pegatron is expected to share its manufacturing expertise with Tata to ensure a smooth transition.
This news comes amidst Apple's push to increase iPhone production in India, supported by the Indian government's financial incentives. Prime Minister Narendra Modi 's administration is aiming to diversify its supply chain and reduce dependence on China.

India's growing importance as a manufacturing hub is not new. As reported by Bloomberg, the country is well on its way to becoming a major player in the global market, potentially even surpassing China's growth. Tata Group first became an iPhone assembler by acquiring an iPhone factory from Taiwan’s Wistron Corp. in the neighboring state of Karnataka. It is also planning to build a new iPhone production plant to strengthen its partnership with Apple.