TCL Electronics, a prominent Chinese television manufacturer, is in early negotiations to divest a 51% stake in its display manufacturing facility located in Tirupati, Andhra Pradesh, India, for an estimated $600-800 million (₹5,708-₹7,611 crore). This facility is significant as it is the only open-cell manufacturing unit in India, producing essential components for various display technologies including TVs, smartphones, and automotive screens. TCL aims to partner with two local companies while retaining a 49% stake in the plant, thus remaining the largest shareholder. Standard Chartered is advising TCL on this transaction, which includes discussions with potential buyers such as Dixon Technologies and Epack Durable. The discussions are reportedly at an early stage and could conclude within the next two to three months. This move aligns with the Indian government's push for localization in electronics manufacturing, similar to recent actions taken by other Chinese firms like Haier. TCL has invested over ₹1,800 crore in the plant's initial phase, which has an annual revenue of approximately ₹1,500 crore.