Tata Electronics Private Limited (TEPL) 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.
Along with purchasing a controlling share in PTI, this agreement calls for TEPL and PTI to integrate their teams so they can operate together effortlessly.
PTI will continue to provide top-notch electronics manufacturing services while undergoing a rebranding to reflect its new ownership structure and business goals. TEPL’s standing as a major participant in the Indian electronics manufacturing industry is cemented by this acquisition.
Among the many crucial developments of the Tata Electronics recently, The Volt Post reported that with a total expenditure of Rs 91,000 crore ($11 billion), Tata Electronics had announced intentions to construct the nation’s first fab in Dholera in February of this year.
Additionally, the business had declared that it will invest an additional Rs 27,000 crore on a greenfield plant for semiconductor chip assembly and testing in Jagiroad, Assam.
Followed by Tata Electronics signed a memorandum of understanding (MoU) with Synopsys, a company that provides silicon to systems design solutions. The two companies will work together on process technology and foundry design platform to accelerate customer products in India’s first fab unit, Dholera – Gujarat.
Key Comments
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.”