India's Tata Electronics is reportedly buying a 60 percent stake in Taiwan-based Pegatron's only India iPhone facility, strengthening Tata's position as Apple's main supplier partner in the country.
Pegatron and the Tata Group have been negotiating since at least April 2024. This plant, which has some 10,000 employees and helps make five million iPhones annually, will give Tata its third iPhone factory in India, according to Reuters.
Tata previously bought out a Wistron iPhone assembly facility in the southern state of Karnataka.
The new deal is said to have Tata running daily operations at the former Pegatron plant, with Pegatron providing technical support, according to sources. The arrangement has yet to be confirmed publicly by Pegatron, the Tata Group, or Apple.
However it is said that the news was announced internally at Pegatron and the Tata Group within the last few days. The two companies are now said to be filing for an approval of the deal with the Competition Commission of India (CCI).
The Chennai-based plant was Pegatron's only venture in India. Apple has been expanding production facilities outside of China and Taiwan where possible, due to increasing regional tensions.
Tata Group is one of India's largest manufacturing conglomerates, and has become a major Apple supplier in India over the past year. Tata also plans to build a second iPhone component facility in Hosur in Tamil Nadu.
The conglomerate's existing facility there -- again formerly owned by Pegatron -- suffered a damaging fire in October 2024, and remains closed indefinitely until remediation is complete.