Tata Electronics Private Limited (TEPL), a Tata Group company, has successfully formed a joint venture (JV) with Pegatron, Apple's second-largest manufacturing partner in India. This partnership will boost Tata's iPhone manufacturing plans, complementing its existing iPhone assembly plant in Karnataka, acquired from Taiwan's Wistron last year, and another under construction in Hosur, Tamil Nadu, where Pegatron will be its JV partner. Forbes India had reported in April that Tata was in the process of taking over Pegatron's Tamil Nadu plant. Apple's iPhone contract manufacturers in India currently include Tata, Pegatron and Foxconn. Despite this, China still accounts for over 85 percent of iPhone manufacturing.

Source: Forbes November 16, 2024 13:30 UTC