Noel Tata led Tata Electronics has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Pegatron Technology India one of Apples contract manufacturers in the country. The decision announced on January 7 marks a significant development in Indias electronics manufacturing landscape. According to a report by PTI Tata Electronics will acquire the majority stake in two phases. Additionally CCI has approved the transfer of TEL Components a subsidiary of Tata Electronics Precision Limited (TEPL) to Pegatron India as part of the transaction. This acquisition strengthens Tata Electronics position in Indias growing electronics manufacturing sector and underscores the company’s expanding role in Apple’s supply chain. The move is aligned with Indias push to become a global manufacturing hub particularly in electronics and high-tech products. Tata Electronics To Acquire Stake In Pegatron Technology The Competition Commission of India (CCI) on Tuesday approved Tata Electronics proposal to acquire a majority stake in Apples contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd (TEPL) is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers. The proposed combination envisages TEPL to acquire the majority shareholding of Pegatron India in two tranches CCI said in a release. TEPL through Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India) is also engaged in the provision of electronics manufacturing services (EMS) for smartphones. The fair trade regulator also granted nod to Tata Electronics to transfer the business undertaking of TEL Components an wholly-owned subsidiary of TEPL to Pegatron India. Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt Ltd (Pegatron India) by Tata Electronics Pvt Ltd (TEPL) and the transfer of TEL Components Pvt Ltd (TEL) business undertaking to Pegatron India the regulator said in a post on X. Pegatron India Apple Connection Pegatron India is a subsidiary of Pegatron Corporation. Pegatron India is engaged in the provision of electronics manufacturing services for smartphones like Apple Inc and exports its products to countries in North America Asia and Europe. Tata Electronics acquired the iPhone unit of Taiwanese company Wistron in Bangalore for USD 125 million in November 2023. The deals beyond a certain threshold require approval from the regulator which keeps a tab on unfair business practices and promotes fair competition in the marketplace.