Tata in talks to buy Pegatron’s iPhone operations as soon as May

Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates.

Tata Group is in the final stages of negotiations with Pegatron to take a majority stake in the Taiwanese firm’s Apple handset assembly operations in India, according to people with knowledge of the matter. They include an iPhone production plant near Chennai in India’s southern state of Tamil Nadu and another one under construction.