The Competition Commission of India (CCI) has granted approval for Tata Electronics Pvt. Ltd. (TEPL), a wholly-owned subsidiary of Tata Sons, to acquire a majority stake in Pegatron Technology India Pvt. Ltd. (Pegatron India). The transaction, structured in two phases, also includes the transfer of the business operations of TEL Components Pvt. Ltd. (TEL), another TEPL subsidiary, to Pegatron India.

TEPL, known for its high-precision manufacturing expertise, produces smartphone enclosures and provides electronics manufacturing services (EMS) for smartphones through its subsidiary Tata Electronics Systems Solutions. The company is also establishing a greenfield EMS facility under TEL to expand its production capabilities.

Pegatron India, a subsidiary of Taiwan-based Pegatron Corporation, offers EMS services for a major global smartphone brand, catering to markets in North America, Asia and Europe, alongside domestic sales in India.

This strategic acquisition is expected to bolster TEPL’s footprint in the fast-growing electronics manufacturing sector, positioning Tata Electronics as a key player in the smartphone supply chain. By integrating Pegatron India’s capabilities and TEL’s business operations, the Tata Group aims to scale its EMS offerings and meet rising global demand.

A detailed order from the CCI is expected to follow, providing further clarity on the regulatory aspects of this combination. This deal underscores India’s growing importance as a global electronics manufacturing hub, aligned with the government’s ‘Make in India’ initiative.

Renewable Energy Expansion: Gentari’s Multi-SPV Acquisition

Gentari Renewables India Pte. Ltd. received CCI’s nod for acquiring 21 Special Purpose Vehicles (SPVs) owning renewable power generation plants, alongside the holding companies of certain SPVs. This transaction is poised to boost Gentari’s renewable energy portfolio, strengthening India’s commitment to achieving sustainable energy goals and increasing investments in clean energy infrastructure.

Automotive Sector: CA Carob Investments Enters Indian Market

CCI also approved the acquisition of up to 68.9% shareholding in Roop Automotives Limited by CA Carob Investments. The deal, involving interconnected steps, marks a significant development in the automotive components sector, with potential benefits for technological innovation and supply chain efficiency.

CCI’s Proactive Role in Promoting Economic Growth

These approvals reflect CCI’s nimble approach to promoting fair competition while enabling strategic consolidations that drive innovation and investment. The deals span diverse industries, underscoring India’s growing attractiveness as a hub for electronics manufacturing, renewable energy development, and automotive innovation.