Tata Electronics acquires 60% stake in Pegatron Technology India

Tata Electronics Pvt Ltd (TEPL) connected Friday announced the acquisition of a controlling 60 per cent involvement successful Taiwanese declaration shaper Pegatron's India unit, cementing its presumption arsenic a cardinal subordinate successful the Indian electronics manufacturing sector.

The fiscal details of the transactions were not disclosed.

Pegatron India is simply a subsidiary of Taiwanese Pegatron Corporation, engaged successful the proviso of contract-based electronics manufacturing services (EMS) to planetary giants similar Apple.

The latest woody is expected to fortify Tata's presumption arsenic an Apple supplier and bolster its iPhone manufacturing plans.

Announcing the acquisition of a 60 per cent stake, Tata Electronics said Pegatron Technology India volition acquisition rebranding to bespeak its caller ownership operation and concern absorption portion continuing to present high-quality electronics manufacturing services.

The latest determination by the electronics limb of the salt-to-software conglomerate follows its acquisition of Wistron's India operations (based successful Narsapura, Karnataka) little than a twelvemonth agone successful March 2024.

In fact, successful his New Year connection to employees, Tata Sons Chairman N Chandrasekaran asserted that with planetary proviso chains continuing to displacement successful India's favour arsenic the world's largest businesses onslaught a caller equilibrium betwixt resilience and efficiency, manufacturing has the imaginable to alteration the country's economy. Chandrasekaran termed it arsenic "a caller manufacturing aureate property for India".

On Friday, Tata Electronics CEO and MD Randhir Thakur said the acquisition of a bulk involvement successful Pegatron Technology India fits into Tata Electronics' strategy of increasing its manufacturing footprint.

"We look guardant to a caller epoch of AI, digital, and technology-led manufacturing arsenic we bring up these caller facilities and grow our operations successful India," Thakur said.

In summation to TEPL acquiring a bulk involvement successful Pegatron Technology India, the 2 companies volition enactment connected integrating their teams to enactment seamlessly.

Tata Group has been scripting an assertive blueprint for electronics and semiconductor manufacturing.

Tata Electronics is gathering India's archetypal Fab successful Dholera, Gujarat, with a full concern of Rs 91,000 crore. In addition, different Rs 27,000 crore volition beryllium invested successful a greenfield installation successful Jagiroad, Assam, for the assembly and investigating of semiconductor chips. Together, these facilities volition nutrient semiconductor chips for applications crossed automotive, mobile devices, artificial quality (AI), and different cardinal segments to service customers globally.

Tata Group volition make 5 lakh manufacturing jobs successful the adjacent 5 years crossed sectors specified arsenic semiconductor, electrical vehicles, artillery and related industries, Chandrasekaran said successful October past year.

Tata Son's apical honcho had asserted that India cannot execute the goals of being a developed federation if the state cannot make manufacturing jobs.