Which Indian conglomerate has acquired a majority stake in Pegatron's iPhone plant in Tamil Nadu?

A)
Tata
B)
Adani
C)
Infosys
D)
Reliance

Correct Answer :   Tata


Tata Electronics has acquired a 60% stake in Pegatron's iPhone plant in Tamil Nadu, forming a joint venture to strengthen Tata's role as an Apple supplier.

This strategic move aligns with Apple's efforts to diversify its supply chain away from China, positioning India as a key manufacturing hub.

The partnership will enable Tata to handle day-to-day operations, while Pegatron provides technical support.

With this acquisition, Tata emerges as a major player in iPhone manufacturing, rivaling Foxconn, and contributing to India's growing share of global iPhone shipments, expected to reach 20-25% this year (2024).

Published On : November 18, 2024