Pegatron responds to rumors of selling Indian iPhone assembly plant to Tata: chasing rumors

According to news on April 9, Reuters previously reported that Pegatron, a major iPhone assembly manufacturer, will reduce its Apple business in India and transfer control of the local factory to the Tata Group. The cooperation method will be finalized within six months.

According to the Taiwan Economic Daily, Pegatron believes that the report is baseless and has no solid evidence, so it will not comment. Note that Reuters previously reported, citing people familiar with the matter, that Pegatron plans to transfer control of its only iPhone assembly plant in India to the Tata Group, and negotiations between the two parties have entered an advanced stage. This is the latest move by Pegatron to reduce its business cooperation with Apple. It is reported that the factory is operated by a joint venture established by Pegatron and Tata. The deal has been backed by Apple, with Tata planning to hold at least 65% of the joint venture, with Pegatron holding the remainder and providing technical support, one of the sources said.

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