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Tata Electronics Acquires Majority Stake in Pegatron Technology India
January 27, 2025 | Tata ElectronicsEstimated reading time: 1 minute
Tata Electronics Private Limited (TEPL), a pioneer in India's electronics manufacturing sector, has announced the acquisition of a controlling 60% stake in Pegatron Technology India Private Limited (PTI). This follows Tata Electronics’ acquisition of Wistron’s India operations (based in Narsapura, Karnataka) less than a year ago in March 2024, furthering Tata Sons’ Chairman, N Chandrasekaran’s vision of significant investments by the Tata Group in electronics manufacturing.
As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly. PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services. This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector.
Commenting on this important milestone, Dr Randhir Thakur, CEO & MD of Tata Electronics, said, "The acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics’ strategy of growing our manufacturing footprint. We look forward to a new era of AI, digital, and technology-led manufacturing as we bring up these new facilities and expand our operations in India."
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