{"id":1290071,"date":"2025-01-27T09:33:30","date_gmt":"2025-01-27T04:03:30","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1290071"},"modified":"2025-01-27T09:44:34","modified_gmt":"2025-01-27T04:14:34","slug":"tata-acquires-60-stake-in-its-2nd-iphone-factory-in-india","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/tata-acquires-60-stake-in-its-2nd-iphone-factory-in-india\/","title":{"rendered":"Tata Acquires 60% Stake In Its 2nd iPhone Factory In India"},"content":{"rendered":"\n<p>Tata Electronics announced its acquisition of a controlling 60% stake in Pegatron Technology India Private Limited, marking a major milestone in India&#8217;s electronics manufacturing sector. The move follows Tata\u2019s earlier acquisition of Wistron\u2019s iPhone facility in Karnataka and aligns with its strategy to expand its manufacturing footprint in the country.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"465\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/01\/ify-19-1.png\" alt=\"\" class=\"wp-image-1290077\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/01\/ify-19-1.png 1000w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/01\/ify-19-1-300x140.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/01\/ify-19-1-768x357.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p><strong>Production Value and Workforce Impact<\/strong><br>The acquisition elevates Tata Electronics\u2019 combined production value share to 44%, up from 26%, reducing Foxconn&#8217;s lead, which currently accounts for 56% of India&#8217;s iPhone production value. Pegatron&#8217;s workforce of 17,000 employees will join Tata Electronics, bringing its total workforce to 48,000.<\/p>\n\n\n\n<p>eIn 2024, Tata Electronics contributed 29% of India\u2019s total iPhone exports. <a href=\"https:\/\/www.business-standard.com\/companies\/news\/tata-electronics-buys-60-stake-in-pegatron-s-india-arm-for-iphone-plant-125012400770_1.html\">With Pegatron\u2019s additional 19% share<\/a>, Tata\u2019s export contribution is expected to rise to 48%.<\/p>\n\n\n\n<p><strong>CEO&#8217;s Vision for the Future<\/strong><br>Randhir Thakur, CEO of Tata Electronics, stated:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics\u2019 strategy of growing our manufacturing footprint. We look forward to a new era of AI, digital, and technology-led manufacturing as we bring up these new facilities and expand our operations in India.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p><strong>Accelerating Production and New Investments<\/strong><br>Experts note that Pegatron had slowed production during acquisition negotiations. With the deal finalized, production is expected to accelerate, potentially equaling the iPhone production values of Tata Electronics and Foxconn.<\/p>\n\n\n\n<p>In addition, Tata Electronics is investing in a new iPhone plant in Hosur, Tamil Nadu, set to begin production later this year. Foxconn has also announced a $2 billion investment to reinforce its manufacturing capabilities in India.<\/p>\n\n\n\n<p><strong>A Boost for India\u2019s Electronics Sector<\/strong><br>This acquisition marks a significant step forward for Tata Electronics and India\u2019s electronics manufacturing industry, strengthening the country\u2019s position as a key player in the global iPhone supply chain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Electronics announced its acquisition of a controlling 60% stake in Pegatron Technology India Private Limited, marking a major milestone in India&#8217;s electronics manufacturing sector. The move follows Tata\u2019s earlier acquisition of Wistron\u2019s iPhone facility in Karnataka and aligns with its strategy to expand its manufacturing footprint in the country. Production Value and Workforce ImpactThe [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1290077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7004],"class_list":["post-1290071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-iphone-tata"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Acquires 60% Stake In Its 2nd iPhone Factory In India - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/tata-acquires-60-stake-in-its-2nd-iphone-factory-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Acquires 60% Stake In Its 2nd iPhone Factory In India - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Tata Electronics announced its acquisition of a controlling 60% stake in Pegatron Technology India Private Limited, marking a major milestone in India&#8217;s electronics manufacturing sector. 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