Tata to buy majority stake in Pegatron for its iPhone plant in Tamil Nadu

Quick Summary:

Tata declined to comment, while Apple and Pegatron did not respond to Reuters queries on Sunday.

It is also building another in Hosur in Tamil Nadu, where it also has an iPhone component plant which was involved in a fire incident in September.

The announcement for the deal's closure was made internally at the iPhone plant on Friday, said the first source.

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Category: BusinessFinance

Markets: IndiaChinaTaiwan

Topics: Beijing Contract manufacturer Tata Electronics IPhone factory Lincoln Feast Manufacturing plans Electronic Component Munsif Vengattil Tata Electronics Washington Wistron Pegatron Chennai Pegatron plant Tata-Pegatron plant Aditya Kalra IPhone APPLE Manufacturing IPhone plant Tamil Nadu Pegatron IPhone Tat group Competition Commission of India Karnataka Foxconn

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Article Type: News Report

Published On: 2024-11-17 @ 13:30:56 (4 hours ago)

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News Source URL: business-standard.com

Language: English

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