Foxconn has been expanding its manufacturing capacities in India. Qualcomm unveils affordable 5G SoC to challenge MediaTek's dominance in India's smartphone AP market.
Foxconn expands capacity in India to support more product lines
Hon Hai Technology (Foxconn) has been ramping up production capacity in India to extend support to more product lines, according to industry sources. Foxconn has been adjusting its global deployments to support customers' production goals. For new products that the customers are launching in the second half of 2024, Foxconn has been establishing new capacity in India and Mexico, the sources said.
Qualcomm takes on MediaTek with budget 5G chip in India, targets growing PC and EV markets
Qualcomm has introduced an affordable smartphone SoC tailored for India, the world's second-largest smartphone market. This move comes as more Indian consumers opt for premium phones, while Qualcomm's main competitor targets the country's growing automotive chip sector.
India smartphone shipments decline as MediaTek strengthens lead in AP market
Counterpoint Research data shows that India's smartphone shipments fell by 2% last quarter, with the premium segment surging. MediaTek led the chipset market with a 54% share, while Qualcomm maintained dominance in the premium tier with a 33% share.
Apple reportedly opposes Tata-Vivo partnership as Vivo celebrates 10th anniversary in India
Rumors circulated that the Tata Group was in advanced talks to acquire 51% of Vivo's assets in India, amid rising pressure from the Indian government against Chinese investors. However, the latest reports suggest that the plan has been put on hold due to opposition from Apple.
Toyota signs MoU to build an EV plant in Maharashtra amid increasing Japanese investment in India
Toyota Kirloskar Motora, a joint venture between Toyota Motor Corp and Kirloskar Group, said it had signed an MoU with Maharashtra to potentially set up a manufacturing facility at Auric City in Chhatrapati Sambhaji to manufacture electric and hybrid cars.
Dixon doubles sales and profit amid Indian smartphone localization
India-based EMS giant Dixon Technologies doubled its sales and profits in the past quarter. The company anticipates a 10 million unit increase in smartphone production capacity following the acquisition of Ismartu's assets.
Teco and CSC join hands in entering Indian electric bus market
Teco Electric and Machinery (Teco) and China Steel Corporation (CSC) have partnered to supply EV components to India's growing electric bus market. The two companies have a long-standing collaboration, focusing on producing high-performance electric motors for electric buses and other electric vehicles. CSC will provide self-bonding coating electric steel, which Teco will use to manufacture electric motors
