Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country.
This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing.
While the actual investment details of the deal are under discussion, sources said that details will be firmed up after the general election and the deal is likely to be closed by July-August.
Taiwanese businesses have recognized Vietnam as a crucial link in their supply chain shift to Southeast Asia, said CY Huang, founder of the Southeast-Asia Impact Alliance (SIA).
The Pegatron facility in India, currently employing around 10,000 workers and producing 5 million iPhones annually, represents a vital piece of Apple's supply chain diversification strategy. As tensions persist between Beijing and Washington, Apple seeks to reduce its dependence on China, making India an increasingly pivotal location for its manufacturing endeavors., Companies News - Times Now
Tata Iphone India: Pegatron is in talks to transfer control of its iPhone manufacturing facility in India to the Tata Group, aiming to establish a joint venture with Tata Electronics holding at least a 65% stake. This move aligns with Apple s diversification strategy amid geopolitical tensions, strengthening Tata s position in iPhone manufacturing in India.