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 Electronics has taken a major step in strengthening its position as an Apple supplier by acquiring a 60 per cent majority stake in Taiwanese contract manufacturer Pegatron's sole iPhone plant in India.

Tata Electronics has acquired a majority stake in Pegatron's only iPhone manufacturing facility in Tamil Nadu. The move makes Tata a major supplier for Apple. The deal was announced internally last week,

Tata has been aggressively expanding its presence in the iPhone production ecosystem, challenging Foxconn, the only other major contract manufacturer for Apple in India.

Tata Electronics has acquired a majority stake in Pegatron’s only iPhone manufacturing unit in India. This was announced internally last week.

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.