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Tata Electronics Partners with Pegatron for Indian iPhone Manufacturing Venture
Contract Type
partnership
Description
Tata Electronics has partnered with Pegatron, acquiring a 60% stake in an Indian iPhone plant to enhance Apple’s supply chain strategy, tapping into India as a prime location for diversification. The joint venture aims to boost India's share in global iPhone production to 20-25% this year, signaling a larger trend of reshoring and diversifying supply chains amid geopolitical tensions.