As part of the agreement, Tata Electronics will secure a 60 per cent ownership in the Tamil Nadu-based iPhone manufacturing facility, granting it control over daily operations. Pegatron, on the other hand,

The acquisition will result in a joint venture, in which Tata will own 60% and Pegatron will have 40% interest.

India's Tata Electronics is reportedly buying a 60 percent stake in Taiwan-based Pegatron's only India iPhone facility, strengthening Tata's position as Apple's main supplier partner in the country.

Tata has even more ambitious plans on the horizon. Besides expanding in manufacturing, the group aims to dive into Apple’s retail business in India. Talks are in progress to launch around 100 small, e

India’s Tata Electronics will acquire a majority stake in Taiwanese contract manufacturer Pegatron’s sole iPhone plant in India, which will form a joint venture that bolsters Tata as supplier to Apple (NASDAQ:AAPL),