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

IT Home News on April 9, Reuters previously reported that iPhone assembly maker 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 the Taiwan Economic Daily, Pegatron believes that:

1. The report is baseless and has no evidence, so it will not comment.

IT House noticed that Reuters had previously reported citing people familiar with the matter:

1. Pegatron plans to assemble its only iPhone in India Control of the plant was transferred to the Tata Group.
2. Negotiations between the two parties have entered an advanced stage.
3. This is the latest move by Pegatron to reduce its business cooperation with Apple.
4. The factory is operated by a joint venture between Pegatron and Tata.
5. A source said that this agreement has the support of Apple.
6. Tata plans to hold at least 65% stake in the joint venture.
7. Pegatron holds the remaining shares and provides technical support.

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