Pegatron may sell India iPhone plant to Tata
Munsif Vengattil and Aditya Kalra, reporting for Reuters:
Pegatron, opens new tab is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct knowledge, marking the Taiwanese firm’s latest scale back of its Apple, opens new tab partnership.
Under the deal, which has received the backing of Apple, Tata plans to hold at least a 65% stake in a joint venture that will operate the Pegatron plant near Chennai city in the southern Indian state of Tamil Nadu, with the Taiwanese firm providing technical support and holding the rest, one of the sources said.
Tata already operates an iPhone assembly plant in the neighbouring southern state of Karnataka, which it took over from Taiwan’s Wistron (3231.TW), opens new tab last year, and is also building another in Hosur in Tamil Nadu, where Pegatron is likely to emerge as its joint venture partner.