Funding · Mobility & Logistics

Foxconn Singapore invests $37.2 million in Indian unit

By Startup Enthusiast · 26 June 2026

What they do

Foxconn Hon Hai Technology India makes iPhone components for Apple in Tamil Nadu

Foxconn Singapore bought 351.73 million shares for $37.2 million, now holding nearly 100% stake

The investment supports Foxconn's expansion in India amid Apple's growth and supply-chain diversification

Foxconn Singapore, a subsidiary of the Taiwanese electronics giant, bought 351.73 million shares in Foxconn Hon Hai Technology India Mega Development Pvt Ltd.
The investment amount was $37.2 million (about ₹352 crore).
After the transaction, Foxconn Singapore holds 23.18 billion shares in the Indian unit, representing nearly 100% stake.
The cumulative holding value is $2.82 billion.
Foxconn calls the acquisition a long-term investment funded through private capital.
The investment reflects Foxconn's expansion plans in India amid rising Apple product demand and global supply-chain diversification.

India is pushing for domestic electronics production, and Apple is reducing reliance on China.
Apple recorded double-digit growth in India in Q2 FY26, and CEO Tim Cook called India a 'huge opportunity'.
Apple opened its sixth retail store in India in Mumbai's Borivali earlier in 2026.
Foxconn follows a 3-3-3 policy: integrate three emerging industries, three core technologies, and three smart platforms for supply diversification.

Foxconn's Tamil Nadu facility makes iPhone components for Apple.
In October 2025, Foxconn committed ₹15,000 crore to enhance Tamil Nadu operations.
Foxconn is building a 300-acre facility near Bengaluru airport in Karnataka, with ₹25,000 crore investment.
The Karnataka facility will have an annual production capacity of 20 million smartphones.
Foxconn also plans a 300-acre facility in Greater Noida, Uttar Pradesh, targeting North India.
India is both an important market and a key manufacturing destination for Apple, with 'Made in India' products used locally and exported.

Foxconn plans to continue expanding its manufacturing footprint in India.
The company is building facilities in Karnataka and Uttar Pradesh to increase production capacity.
Foxconn follows a 3-3-3 policy for long-term growth and supply diversification.

Foxconn Singapore (lead) — Subsidiary of Foxconn (Hon Hai Precision Industry Co., Ltd.), the world's largest electronics manufacturer.