Tata Electronics said on Friday it has bought a 60% stake in Taiwanese contract manufacturer Pegatron's India unit that operates an iPhone plant, beefing up the Tata group firm's position as an Apple supplier in a fast growing market.

Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner, Pegatron, as the conglomerate expands its iPhone

Tata acquires a controlling stake in Pegatron Technology India. This and more in today’s ETtech Top 5.Also in the letter:■ Payment gateways under ED lens■ Fintechs eye Budget boost■ LTIMindtree appoints new CEOTata Electronics acquires 60% stake in Pegatron Technology " data-src="/img/117525264/Master.

Tata Electronics said on Friday it will acquire a majority 60% stake in Pegatron Technology India to grow its manufacturing footprint.

These moves reflect the Tata Group's growing ambition to dominate India’s electronics manufacturing landscape.

This acquisition solidifies Tata Electronics’ position as a key supplier to iPhone maker Apple in the Indian electronics manufacturing sector.

Pegatron Technology India will undergo rebranding to reflect its new ownership structure and business direction,' says Tata Electronics

Tata Electronics Limited acquired 60% stake in the EMS company named Pegatron Technology India. Its new acquisition deal came a year after Tata Electronics Limited acquired Wistron's India operations in Naraspura,