Mumbai, January 24: In a fillip to the government슬롯사이트™s 슬롯사이트˜Make in India슬롯사이트� initiative, Tata Electronics on Friday acquired a controlling 60 per cent stake in Pegatron Technology India, which produces Apple products like iPhones.

The acquisition boosts the company슬롯사이트™s position as a major player in India슬롯사이트™s electronics manufacturing industry. This follows Tata Electronics슬롯사이트� acquisition of Taiwanese electronics manufacturer Wistron슬롯사이트™s India operations (based in Narsapura, Karnataka) for $125 million less than a year ago, furthering Tata Sons슬롯사이트� Chairman N Chandrasekaran슬롯사이트™s vision of significant investments by the Tata Group in electronics manufacturing.슬롯 머신 사이트 추천Apple Market Share in India Rises to 10% in Q4 2024, iPhone-Maker Joins Top 5 Smartphone Players for First Time.

Both Tata Electronics and Pegatron would integrate their teams, with Pegatron undergoing a rebranding as part of the collaboration as the part of the deal. 슬롯사이트œThe acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics슬롯사이트� strategy of growing our manufacturing footprint,슬롯사이트� said Dr Randhir Thakur, CEO and MD of Tata Electronics.

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, he added. Pegatron슬롯사이트™s India plant has nearly 10,000 employees, and the company manufactures iPhone 13 and 14 devices.

Earlier this month, Tata Electronics received approval from the Competition Commission of India (CCI) to proceed with the stake acquisition. This move is part of Tata Electronics슬롯사이트� strategy to grow its presence in Apple슬롯사이트™s iPhone production network in the country. As part of the deal, Pegatron India will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services.

Established in 2020 as a greenfield venture of the Tata Group, Tata Electronics currently employs over 50,000 people and has significant operations in Gujarat, Assam, Tamil Nadu and Karnataka. The iPhone contract manufacturers in India now include Foxconn, Tata and Pegatron.슬롯 머신 사이트 추천iPhone SE 4 Leaks: Apple슬롯사이트™s 4th Generation Special Edition iPhone Will Reportedly Launch With Dynamic Island This Year; Here슬롯사이트™s What To Expect.

Riding on the production-linked incentive (PLI) scheme and growing premiumisation trend, Apple clocked Rs 1 lakh crore in iPhone exports from India in the calendar year 2024. According to early industry estimates, Apple exported more than $12 billion worth iPhones last year, which is more than 40 per cent growth from 2023. Apple슬롯사이트™s domestic production has surged nearly 46 per cent from a year ago, as per estimates. The Apple ecosystem has also created 1,75,000 new direct jobs in four years with "over 72 per cent women슬롯사이트�.

(The above story first appeared on LatestLY on Jan 24, 2025 02:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).