Tata, Pegatron in Talks for Factory Deal
Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET.
Source: indiatimes.com
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Tata Group in talks to acquire majority stake in Pegatron's Chennai iPhone factory
Pegatron in talks to sell Chennai iPhone unit to Tata. A person in the know said the transaction amount is set to be lower than that for the Wistron deal. Experts said Apple may want the deal closed as soon as possible because it wouldn't want any ownership confusion ahead of its annual launch.
Source: indiatimes.com
Tata to buy Pegatron's iPhone plant in India- All details you need to know
Tata Group is reportedly negotiating to take over Pegatron's sole iPhone manufacturing facility in India.
Source: hindustantimes.com
Tata Electronics to buy majority stake in Apple's iPhone manufacturer: Report | Business News
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.
Source: indianexpress.com
How Tata is putting the roar in the Make-in-India lion
Tata Group's strategic moves in high-tech manufacturing, including semiconductor investments and potential Pegatron acquisition, align with India's Make-in-India program. The Tata Group is poised for significant expansion in technology fields, with plans to inject over $120 billion into emerging business sectors and group focal points such as semiconductors, defense, electric vehicles, and Air India.
Source: indiatimes.com