Tata Electronics is poised to acquire a majority stake in Pegatron Technology India, Apple’s contract manufacturer, following approval from the Competition Commission of India (CCI) on January 7. The antitrust regulator announced its decision in a social media post, stating, “Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt. Ltd. (Pegatron India) by Tata Electronics Pvt. Ltd. and the transfer of TEL Components Pvt. Ltd.’s business undertaking to Pegatron India.”
The approval, filed under case number C-2024/11/1208, marks a significant development in the Indian electronics manufacturing sector as Tata Electronics strengthens its presence in Apple’s supply chain.