Foxconn’s Bharat FIH looks beyond Xiaomi to offset slump
Foxconn group company Bharat FIH's sprawling campus near Chennai, which was focused on manufacturing Android phones, is looking to tap newer segments in a bid to diversify and offset a slump in orders from its key client Xiaomi, since a government crackdown on Chinese businesses operating in India.
Bharat FIH is now looking to power growth in segments such as telecom equipment, electric vehicles, televisions and displays.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitAccording to the company, the facility at Sriperumbudur is largely being used now for surface-mount technology (SMT) operations with some assembly, testing, marking, and packaging (ATMP) operations for specific segments.
Confirming the diversification strategy, Bharat FIH said it was leveraging on its success in smartphones to make strides in newer segments such as EVs. The company declined to disclose the Sriperumbudur plant's operating capacity, which it said was a factor of customer demand, planning and prevalent market conditions. However, the company was quick to add that it has «exceptional capability» to expand capacity as per customer needs.
«Starting with smartphone manufacturing under Make in India, Bharat FIH has followed the GOI’s vision and roadmap of making India self-reliant in
