India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier,

Tata Electronics is set to acquire a majority stake in Pegatron’s iPhone manufacturing plant in Tamil Nadu, marking a significant expansion of Tata’s role as an Apple supplier. Under the terms of the agreement,

The acquisition will result in a joint venture, in which Tata will own 60% and Pegatron will have 40% interest.

Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron’s only iPhone manufacturing plant in India. This deal will create a new joint venture, further strengthening Tata’s role as an Apple supplier, according to two sources who spoke to Reuters.

India's Tata Electronics is reportedly buying a 60 percent stake in Taiwan-based Pegatron's only India iPhone facility, strengthening Tata's position as Apple's main supplier partner in the country.

Tata Electronics has recently acquired a controlling stake in Pegatron's iPhone assembly plant in Tamil Nadu, India.

The Chennai plant, which employs around 10,000 workers and manufactures over 5 million iPhones annually, will become Tata’s third iPhone facility in India.

Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier,

Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron's iPhone manufacturing facility in India. This move is part of Apple's suppliers' efforts to prepare for potential changes in the global supply chain following Donald Trump's win in the US presidential election.