With Wistron & Pegatron deal, Tata Electronics set to emerge as India’s Foxconn

After acquiring Wistron’s Karnataka unit and a 60% stake in Pegatron’s iPhone manufacturing plant in Chennai, Tata Electronics is set to emerge as India’s Foxconn.

Analysts said that the Tata Group company is the first Indian firm to have emerged as a global value chain (GVC) operator in the approximately $4.3 trillion global business. Its key advantage lies in being a contract manufacturer for Apple.