Tata seals deal with Pegatron for iPhone plant in India’s Tamil Nadu, sources say By Reuters

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) -India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple (NASDAQ:) supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold

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