What’s shaking in the world of India’s manufacturing? Hon Hai Precision Industry is known as Foxconn internationally. Foxconn is a Taiwanese multinational electronics contract manufacturer. It is said to have been operating in India since 2005 to make smartphones. Foxconn is, also, said to be the largest contract manufacturer of Apple devices worldwide. In October 2023, Foxconn Chairperson & CEO Young Liu remarked that he envisions India’s ascent as the new manufacturing centre in the world. He announced that Foxconn would expand its operations in India with business growing and higher consumer purchases. The company may be exploring opportunities to manufacture EVs in India.
Foxconn To Make EVs In India?
