Current Affairs - Business - Discussion

Tata Electronics has acquired a 60% stake in Pegatron's iPhone plant in Tamil Nadu, forming a joint venture to strengthen Tata's role as an Apple supplier. This strategic move aligns with Apple's efforts to diversify its supply chain away from China, positioning India as a key manufacturing hub. The partnership will enable Tata to handle day-to-day operations, while Pegatron provides technical support. With this acquisition, Tata emerges as a major player in iPhone manufacturing, rivaling Foxconn, and contributing to India's growing share of global iPhone shipments, expected to reach 20-25% this year.