Tata Electronics acquires 60% in Pegatron India, bags iPhone plant

Tata Electronics announced on Friday its acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited — a subsidiary of Taiwanese electronics manufacturing giant Pegatron Corporation . This development, according to people aware of the matter, will significantly narrow Tata Electronics’ production value gap with Foxconn in assembling iPhones for Apple Inc in the country.