Reported 6 days ago
Tata Electronics has secured a majority stake in Pegatron's sole iPhone factory in India, establishing a joint venture that will see Tata controlling 60% and managing operations. This move positions Tata as a significant player in Apple's supply chain amidst the company's efforts to diversify manufacturing outside China. The joint venture will enhance Tata's existing iPhone assembly operations and is expected to contribute substantially to India's growing role in Apple's global production strategy.
Source: YAHOO