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Apple Inc. supplier Foxconn & Dixon urge India to pay pending production subsidies
Economic Times
·
7m ago
Medial
Foxconn Technology Group and Dixon Technologies India Ltd., Apple suppliers, are urging India to fulfill subsidy payments under the government's production incentives program. The Indian government pledged 410 billion rupees ($4.8 billion), with unallocated funds due to unmet production targets. Foxconn and Dixon claim eligibility for this, with potential payments of up to 6 billion rupees and 1 billion rupees, respectively. The case highlights the significance of India's policy stability as it aims to attract major tech investments.
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Foxconn Subsidiary Rayprus Looks To Venture Into India
Inc42
·
1y ago
Medial
Foxconn subsidiary Rayprus Technologies is planning to enter the Indian market with a manufacturing facility in Bengaluru. This move aligns with Foxconn's expansion efforts in India and Apple's strategy of diversifying its supply chain beyond China. Apple has been shifting some of its production out of China due to geopolitical tensions, and its suppliers like Foxconn and Pegatron already have significant operations in India. Rayprus' entry into the Indian market comes as Apple supplier Corning Inc is also building a manufacturing unit in Tamil Nadu. Apple India is expected to exceed INR 70,000 Cr in revenue by the end of the current fiscal year.
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Xiaomi's Indian supplier to open smartphone plant in Delhi as govt pushes local
Livemint
·
1y ago
Medial
Chinese tech giant Xiaomi has partnered with Indian electronics manufacturer Dixon to assemble smartphones in India. The move is driven by India's push for localization in the tech industry. Dixon will invest over ₹4 billion ($48.2 million) in a factory spanning over 300,000 square feet to produce Xiaomi smartphones. This partnership is part of Xiaomi's strategy to offer locally made 5G smartphones in India. Dixon aims to become India's answer to Foxconn, Apple's major supplier.
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Google to export India-made Pixel smartphones to Europe, US; trial production begins
Money Control
·
1y ago
Medial
Google is reportedly planning to establish India as an export hub for its Pixel smartphones, targeting markets in Europe and the United States. The company aims to start commercial production in India through Foxconn and Dixon subsidiary Padget Electronics, with trial production already underway in Tamil Nadu. The base variant of the Pixel phones will be manufactured by Dixon Technologies, while Foxconn will handle the Pro variants. The move comes as Google looks to diversify its manufacturing operations and take advantage of India's low labor costs and the government's production-linked incentive program.
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Apple Investment Plans in India Intact, Proposes India to be Major Manufacturing Base: Source
OutlookIndia
·
2m ago
Medial
Apple plans to maintain India as a key manufacturing hub, despite remarks from U.S. President Trump favoring increased production in the U.S. Apple executives assured Indian officials that their investment strategies remain unchanged. Foxconn, a major Apple supplier, has commenced manufacturing Apple AirPods in Telangana for export, demonstrating ongoing commitment. India contributes significantly to global iPhone manufacturing, with 15% of output, and supports a large job market through Apple's ecosystem.
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Apple supplier Rayprus eyeing Bengaluru facility
Economic Times
·
1y ago
Medial
Rayprus Technologies, a supplier for Apple, is planning to set up a manufacturing facility in India. The Foxconn subsidiary, known for producing precision camera and lens solutions, is in talks with Foxconn to establish the facility within the new Foxconn campus in Bengaluru. This move follows Corning's announcement of setting up a manufacturing unit in Tamil Nadu for gorilla glass production, indicating that more pieces of Apple's India story are falling into place. The addition of leading component players in the Indian supply chain strengthens Apple's diversification strategy.
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Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub
Business Bytes
·
1y ago
Medial
Apple plans to double its iPhone production in India by 2024, according to analyst Ming-Chi Kuo. India has been actively attracting tech manufacturing investments, offering incentives and reducing barriers. Foxconn, a key manufacturing partner, holds a significant share of iPhone production capacity in India, allowing for diversification and reduced dependency on China. Luxshare, a supplier initially focused on iPhone cables, is expanding its iPhone production in India. Apple's move aligns with India's "Make in India" initiative and demonstrates its commitment to tapping into the Indian market's potential and leveraging India's growing manufacturing reputation.
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Apple to begin assembling THIS product in India: Here’s what the report suggests | Mint
Livemint
·
7m ago
Medial
Apple is planning to start manufacturing AirPods in India, an expansion of its manufacturing operations beyond China. Foxconn, a key Apple supplier, is reportedly preparing to produce AirPods at a new facility near Hyderabad. Trial production is already underway, with full-scale manufacturing expected to begin in 2024. Apple's decision to increase manufacturing in India is driven by government incentives, a skilled workforce, and geopolitical tensions with China. This move will boost Apple's exports and diversify its production base. India's growing role as a manufacturing hub for Apple reflects the company's efforts to reduce reliance on China.
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Apple to tap Indian auto, aerospace parts makers
Livemint
·
1y ago
Medial
Apple is engaging with suppliers from various industries, including automotive, aerospace, and consumer electronics, to explore potential supplier arrangements in India. The company aims to boost its production and sourcing activities in the country. Apple is in initial discussions with suppliers that can manufacture custom parts for original equipment manufacturers (OEMs) and contract manufacturers. Some suppliers are already investing in capabilities and may become potential suppliers to Apple after receiving certifications and approvals. This move comes as Apple's contract manufacturers, Foxconn and Tata Electronics, are expanding production capacity in India to diversify their operations and supply chain.
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Electronics parts PLI draws in Dixon, Tatas, Foxconn and others
Economic Times
·
3m ago
Medial
Several companies, including Dixon, Tata Electronics, Zetwerk, and Foxconn, are planning investments under India's new production-linked incentive (PLI) scheme for electronic components. Foxconn is pursuing the smartphone display module category with plans for a unit in Tamil Nadu. Tata Electronics and Dixon are exploring various categories, including enclosures and display modules. Zetwerk also evaluates opportunities to enhance its component business. This initiative aims to strengthen India’s electronic system design and manufacturing ecosystem.
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Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs
Economic Times
·
1m ago
Medial
Foxconn, a major Apple supplier, exported nearly all iPhones from India to the US between March and May, a significant increase from the previous average of 50%. This shift is linked to Apple's strategy to bypass high US tariffs on Chinese imports. In March-May, iPhones worth $3.2 billion were exported, primarily to the US. This aligns with Apple’s efforts to increase India-based production, targeting 25-30% of global iPhone shipments by 2025.
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