Tata Group may take over Pegatron Corp's iPhone manufacturing operations by next month. in India, which could further increase Apple's dependence on Indian suppliers. According to Bloomberg News, Tata Group is in the final stages of talks with Pegatron. Tata Electronics Ltd. will lead Pegatron's operations upon completion of the transaction
The salt-to-power group plans to acquire a majority stake in the Taiwanese company's Apple phone assembly operations in India, the report said. Pegatron has an iPhone manufacturing facility near Chennai in Tamil Nadu and another one is under construction.
After the deal, Pegatron will support Tata with manufacturing expertise, the report said, citing sources.
Apple is increasing production in India with government incentives led by Prime Minister Narendra Modi. Its aim is to reduce dependence on China for a more diversified supply chain and effectively manage geopolitical risks.
The Modi-led government introduced production-related incentives to encourage major Apple suppliers such as Taiwan's Foxconn Technology Group and Pegatron to increase production in India.
Earlier this week, it was reported that Apple Inc. is in advanced talks with Murugappa Group and Tata Group's Titan Company to produce sub-components for iPhone camera modules.
There are currently no Indian suppliers for the Apple iPhone camera module. The deal with Titan or Murugappa Group would be a first. The decision on the partner should be made in the next five to six months.
The Apple iPhone camera module is known for its advanced technology and capabilities. The non-Pro models are typically equipped with a dual camera system, which usually includes a wide-angle lens and an ultra-wide-angle lens. On the other hand, the Pro models have a more sophisticated triple camera setup that includes a wide-angle lens, an ultra-wide-angle lens and a telephoto lens. This triple camera system allows users to capture a wider range of shots and offers more versatility in terms of zoom capabilities.
