Tata Electronics Private Limited (TEPL) has acquired a 60% stake in Pegatron Technology India Private Limited (PTI), according to a press release issued by the company on January 24, 2025. The acquisition follows TEPL’s earlier purchase of Wistron’s India operations in March 2024, reflecting its ongoing investment in electronics manufacturing.
As part of the transaction, TEPL and PTI will integrate their operations, with PTI undergoing rebranding to align with its new ownership structure. TEPL stated that the acquisition is part of its strategy to expand its manufacturing capabilities in India.
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.”
Tata Electronics, established in 2020, focuses on electronics manufacturing services, semiconductor assembly and testing, and related design services. The company employs over 50,000 people across its facilities in Gujarat, Assam, Tamil Nadu, and Karnataka.