Tata Electronics said on Friday it has bought a 60% stake in Taiwanese contract manufacturer Pegatron's India unit that operates an iPhone plant, beefing up the Tata group firm's position as an Apple supplier in a fast growing market.

The purchase comes after TEPL’s acquisition of Wistron’s India operations at Narsapura, Karnataka less than a year ago in March

Tata Electronics bought a 60% stake in Pegatron’s Indian plants, Nikkei Asia reported Friday. According to industry sources, the transaction covers Pegatron’s three iPhone assembly plants, key managers,

Pegatron India, a subsidiary of the Taiwanese firm Pegatron Corporation, specialises in providing electronics manufacturing services (EMS) to major global companies such as Apple, with exports spanning North America, Asia, and Europe.

Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner Pegatron as the conglomerate expands its

Tata Electronics Private Limited (TEPL), a wholly-owned subsidiary of Tata Sons, stated that it has purchased a controlling 60% investment in Pegatron Technology India Private Limited (PTI) as part of a strategic initiative to support India's electronics manufacturing ecosystem.

The announcement is coming after the Competition Commission of India (CCI) gave an approval to Tata Electronics to acquire the majority stake in the company

This comes as Tata Electronics is trying to move beyond supplying only to Apple. ET reported that the company is in talks with Xiaomi and Oppo to begin contract manufacturing for the Chinese smartphone companies.

Tata Electronics has acquired a 60% controlling stake in the Indian arm of Apple assembly partner Pegatron as the conglomerate expands its iPhone-manufacturing capacity in the country. Pegatron’s Role in India Taiwan-based Pegatron operates three iPhone production plants in India,