Tata Electronics Pvt Ltd (TEPL) has made waves in the Indian electronics manufacturing landscape by acquiring a 60% stake in Pegatron Technology India, the local arm of Taiwanese electronics giant Pegatron Corporation. This bold move reinforces Tata’s growing clout as a critical global electronics supply chain player.
While the deal’s financial details remain secret, the strategic implications are clear. Pegatron Technology India, a key supplier to global brands like Apple, will rebrand under Tata Electronics’ stewardship. This acquisition strengthens Tata’s position as an Apple supplier and aligns with its ambitious plans to scale iPhone manufacturing in India.
This milestone follows Tata Electronics’ earlier acquisition of Wistron’s India operations in Narsapura, Karnataka, in March 2024. It’s a clear signal of the conglomerate’s intent to transform India into a global hub for electronics manufacturing. Tata Sons Chairman N Chandrasekaran has consistently emphasised this vision, dubbing it a “new manufacturing golden age for India.” He predicts that shifting global supply chains, driven by a quest for resilience and efficiency, will position India as a key player in global manufacturing.
Randhir Thakur, CEO and MD of Tata Electronics echoed this sentiment while discussing the latest acquisition. “This majority stake acquisition fits seamlessly into our strategy to expand our manufacturing footprint. We’re ushering in a new era of AI-driven, digital-led manufacturing as we enhance our capabilities and scale operations in India,” he said.
The integration of Pegatron India’s operations with Tata Electronics is just one chapter in the Group’s broader narrative of innovation and expansion. Tata Electronics is investing heavily in semiconductor and electronics manufacturing, with plans to build India’s first semiconductor fabrication unit in Dholera, Gujarat, with an investment of ₹91,000 crore. Additionally, ₹27,000 crores is being funnelled into a greenfield facility in Jagiroad, Assam, for assembling and testing semiconductor chips. These facilities aim to cater to industries like automotive, mobile devices, artificial intelligence, and more, enabling Tata to serve a global clientele.
Chandrasekaran has also set ambitious targets for job creation. By October last year, he announced that the Tata Group plans to generate 5 lakh manufacturing jobs in sectors such as semiconductors, electric vehicles, and battery technologies over the next five years. He underscored that manufacturing will be pivotal for India’s journey toward becoming a developed nation. With this acquisition, Tata Electronics is scaling its operations and championing India’s rise as a global manufacturing powerhouse.