Tata's entry into iPhone assembly began only last year, but the conglomerate has quickly become a significant partner for Apple in Asia

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.

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

Tata Electronics has acquired a 60% stake in Pegatron's India unit, which operates an iPhone plant in Tamil Nadu. This acquisition positions Tata Electronics as a significant Apple supplier in India.

Tata Electronics Pvt Ltd (TEPL) announced on Friday its acquisition of a controlling 60% stake in Pegatron Technology India, strengthening its position as a major player in the Indian electronics manufacturing sector.