Sunday, 25 June, 2023

Foxconn Accelerates Expansion in India as EV Parts to iPhones Shift Production Base

Foxconn, the prominent global electronics manufacturer, is ramping up its operations in India, signaling a significant shift in production bases from electric vehicle (EV) parts to iPhones. The company aims to establish India as its second home by expanding its facilities and investing in new manufacturing units. This move comes as part of Foxconn's strategic plans to capitalize on India's emerging market potential and leverage its skilled workforce, boosting the country's position.