Foxconn has acquired machinery worth USD 32.26 million to support Apple product manufacturing in India, according to a regulatory filing by its subsidiary, Foxconn Hon Hai Technology India Mega Development. The procurement comes amid reported delays in equipment shipments from China and restrictions on work rotations for Chinese employees at Foxconn’s Indian facilities. The latest […]
Foxconn plans to double its iPhone production in India by the end of 2025 as part of Apple’s ongoing manufacturing expansion in the country. The company expects to produce between 25 million and 30 million iPhones in India during the year, compared to approximately 12 million in 2024. According to sources, Foxconn has been conducting […]
Foxconn will receive an incentive of INR 6,970 crore from the Karnataka government under the state’s Electronics System Design and Manufacturing (ESDM) policy. The announcement was made by Karnataka Chief Minister Siddaramaiah during the state budget speech on March 7. Foxconn is in the process of setting up a smartphone manufacturing facility in the Devanahalli […]
Nidec Industrial Automation India Private Limited, a subsidiary of Nidec Corporation, is nearing completion of its new manufacturing campus in Hubli-Dharwad, Karnataka. The facility, which broke ground in September 2023, is expected to be completed by October 2025. The company has allocated an investment of approximately Rs 450 crore ($55 million) for the project. The […]
Japanese machine tool manufacturers are increasing their investments in India as they seek to capitalize on the country’s growing manufacturing sector, according to a report by Nikkei Asia. Companies such as Tsugami, Brother Industries, and Shibaura Machine have announced significant developments, contributing to a rise in India-bound orders. Tsugami, a Tokyo-based producer of automatic lathes, […]
Tata Electronics has reached an agreement to acquire a 60% stake in Pegatron’s iPhone manufacturing facility in Chennai, India, according to sources familiar with the matter. The Taiwanese company will retain a 40% share and provide technical support under the new joint venture, with Tata assuming operational control. The Chennai facility, which employs approximately 10,000 […]
Apple is set to begin manufacturing AirPods in India, marking a significant development in its ongoing efforts to diversify production outside of China, according to a report by Times of India. Following the expansion of iPhone production in the country, AirPods will now be produced at two separate locations in India. Jabil’s factory in Pune […]
Foxconn, a Taiwanese electronics manufacturer, has announced plans to invest up to Rs 424 crore in a semiconductor joint venture (JV) with HCL Group. The company recently purchased a 40% stake in the JV for approximately Rs 312 crore, according to an official statement. If an additional investment of around Rs 112 crore is made, […]
A fire at Tata Group’s iPhone component plant in Hosur, Tamil Nadu, has caused significant damage and halted production indefinitely. The plant is the only Indian supplier of iPhone back panels and other parts used by both Foxconn and Tata’s own iPhone assembly operations in the country. This disruption comes ahead of the Indian festive […]
