Workers assemble electronics on a production line in an Indian manufacturing plant.
Chinese electronics manufacturer TCL is reportedly in advanced discussions with several local Indian companies to divest a 51% stake in its Indian manufacturing plant. The company is seeking to raise between ₹5,708 crore and ₹7,611 crore (approximately $685 million to $913 million) from the sale, according to reports from The Economic Times.
TCL, a significant player in the global consumer electronics market, aims to retain a 49% share in the facility, indicating a strategic interest in maintaining a presence and potential future involvement in its Indian operations. The discussions are in the early stages, with multiple Indian firms engaged in negotiations.
This potential divestment signals a strategic shift for TCL in its Indian market approach, possibly focusing on optimizing its capital allocation or seeking local partnerships to navigate the competitive landscape. The transaction, if completed, would represent a notable cross-border investment deal in India’s burgeoning electronics manufacturing sector.
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