09 April 2024 – According to two people with firsthand knowledge, Pegatron is in advanced talks to give the Tata Group control over its sole iPhone manufacturing site in India. This represents the Taiwanese company’s most recent retraction of its Apple collaboration.
As per one of the sources, the deal, which has Apple’s support, calls for Tata to own at least 65% of a joint venture that will run the Pegatron plant near Chennai in the southern Indian state of Tamil Nadu, with the Taiwanese company holding the remaining share and providing technical support.
According to the second source, Tata, one of the biggest companies in India, will run the joint venture through its Tata Electronics division. About 10,000 people work at the Pegatron India plant, which produces five million iPhones a year. It is the company’s final such operation, having lost control of an iPhone factory in China to rival Luxshare in a $290 million deal last year.
Conclusion
In addition to establishing another iPhone assembly facility in Hosur, Tamil Nadu, where Pegatron is likely to become its joint venture partner, Tata already runs one in the nearby southern state of Karnataka, which it took over from Taiwan’s Wistron last year.
