As the world's leading electronic manufacturing service provider, Foxconn has always maintained a good cooperative relationship with Apple. However, Foxconn's recent development in India has hit a rocky one. As a huge consumer market, India has attracted many companies to invest in factories and hope to make a profit. Foxconn has also taken a fancy to India's cheaper labor and is actively building factories in India to increase production capacity. However, the quality and working attitude of Indian employees are far inferior to those of mainland employees, resulting in Foxconn facing various problems in India, such as strikes, fights, fires, etc. This directly affected Foxconn's ability to fulfill Apple's orders, and it had to transfer some of its production to factories on the mainland.
Despite the losses suffered by Foxconn in India, they decided to continue to expand their investment in India to increase the production capacity and level of iPhones in India. This is because Apple is gradually relocating its industrial chain to India, and Foxconn is unwilling to back down. They plan to gradually transfer 300 billion production capacity from mainland China to India and expand the workforce to 200,000. However, what Foxconn did not expect was that they fell into the "trap" of India.
Wistron was Foxconn's previous competitor in India, and they had a very difficult experience building a factory in India, and finally decided to withdraw from the Indian market and give the factory to the Indian company Tata. This is because Wistron has faced many difficulties in India and is difficult to make a profit. The Tata Group, one of the largest conglomerates in India, acquired Wistron's factory and became Apple's foundry in India. Tata Group has proven successful in foundry and plans to continue to acquire Shuo's Indian plant to further increase production capacity and levels. According to the analysis, Tata Group will continue to tap the outstanding talents of Foxconn's Indian factory to enhance its competitiveness, and take Foxconn as the next target.
India has long been known as the "graveyard of foreign companies", and many foreign companies have set up factories in India and faced the fate of being acquired by local companies. Xiaomi and other mobile phone manufacturers have been targeted after building factories in India, and Foxconn is likely to face such a fate. When Foxconn built a joint venture with an Indian company to build a semiconductor factory, it was not recognized by India, and finally had no choice but to withdraw. Judging from the current trend, Foxconn is facing the risk of being acquired.
Foxconn's development in India has encountered many difficulties and cannot compete with Indian companies. They wanted to chase higher profits by building factories in India, but they failed to anticipate the relatively low quality and work attitude of the Indian staff. This poses a huge challenge for Foxconn and the possibility of being acquired by an Indian company. Foreign media said that Foxconn has learned a lesson, and the result is that both sides have lost opportunities, and the era of Foxconn may come to an end.
Summary: Foxconn has encountered many problems in India, mainly due to the fact that the quality and working attitude of Indian employees are not as good as those in mainland China. This makes it difficult for Foxconn to fulfill Apple orders as efficiently as it does on the mainland. At the same time, the rise of the Indian company Tata Group has also brought great competitive pressure to Foxconn. With the acquisition of Wistron's factory, they quickly rose to become Apple's foundry in India, and plan to continue to expand production capacity. This is a serious test for Foxconn. It remains to be seen whether Foxconn will be able to gain a foothold in the Indian market and continue to cooperate with Apple in the future.