India saw another fall in PC shipments as the demand in the commercial segment remained weak and sluggish. India may witness a recovery in PC demand due to improving consumer sentiment and a PC import restriction expected on November 1.
Hyundai Motor Group agreed to acquire a manufacturing facility from General Motors (GM) in India, as the Korea-based automaker is looking to expand in the world's third-largest auto market.
Bloomberg quoted sources saying that Foxconn is beginning the production of the iPhone 15 in its facility in Sriperumbudur, Tamil Nadu, with the delivery timeline only weeks after that of Foxconn's factories in China. Besides Foxconn, Pegatron and a Wistron plant acquired by Tata will join the ranks of assembling iPhone 15 in India.
As India embraces a wave of semiconductor investments from multinationals, chemical industry players are also gearing up to seize this business opportunity.
India's largest electric two-wheeler (E2W) brand by sales unveiled a series of affordable models to expand its lineup to solidify its status in the rapidly-growing E2W market.
Foxconn will reportedly make Apple's AirPods in India, the second Apple product to be made in the South Asian country, as the country is expected to become the world's largest wearable market by the end of the year.
Despite challenges including inflation, inventory destocking, and demand slowdown, many printed-circuit board (PCB)-related manufacturers remain optimistic about the medium- and long-term outlook of the industry. There are three major factors driving their overseas expansion towards Southeast Asia during the business downcycle.
Thanks to more affordable models available and consumers' environmental consciousness, India has seen a doubling of EV sales in the first half of 2023.
Foxconn has seen multi-fold growth in revenue, employee numbers, and investment since its expansion into India in 2005, says the company's chairman, Young Liu. While primarily focused on information and communications technology (ICT) assembly, the company is also planning to set up key consumer electronics component assembly lines in the country, and there may even be EV component lines.
Thanks to India's increasing local demand for mobile phones and government incentives, mobile phones made in India continued to grow in 2022, witnessing double-digit growth for the past eight years.
Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn Group, announced a capital injection to its Indian subsidiary, as Foxconn Group has been scaling up its Indian investments in mobile phones, semiconductors, and EV manufacturing.
India's surprising announcement to require license for imported notebooks and tablets raised confusion and concerns in the IT hardware industry. Hyundai is looking to launch more EV models in India to capitaize on the rising market.
Optiemus Electronics, an Indian electronics manufacturer partnered with Wistron Corporation's Indian subsidiary, Wistron Infocomm Manufacturing (India), is poised to ramp up its production in response to escalating demand. In a recent conversation with Digtimes Asia, A Gururaj, Optiemus' MD, emphasized the firm's intensified commitment to areas like IT Hardware and telecom equipment while hinting at a potential venture into the emerging EV sector.
India, expected to be the largest wearable market in 2023, saw another spike in wearable device shipment growth. Local players remained dominant in India, and smartwatches and earwear continued their growth trend.
Micromax, an India-based mobile phone vendor and once the top smartphone brand in India, has failed to make a comeback despite ongoing efforts and is reportedly eyeing the rising electric two-wheeler market.