Reuters previously reported that iPhone assembly giant Pegatron 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 Taiwan Economic Daily, Pegatron believes that the report is based on rumors and has no solid evidence, so it will not comment.
It is noted that Reuters had previously reported, citing people familiar with the matter, that Pegatron planned 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.
