THEBUSINESSBYTES BUREAU

NEW DELHI, JUNE 26, 2026

Electronics manufacturing major Foxconn has further strengthened its India expansion strategy by infusing USD 37.2 million (around ₹351 crore) into its India arm, Foxconn Hon Hai Technology India Mega Development Private Limited, underscoring its long-term commitment to the country's fast-growing electronics manufacturing ecosystem.

According to a regulatory filing, the fresh capital has been infused through Foxconn's Singapore-based subsidiary, Foxconn Singapore Pte Ltd. Following the latest investment, the subsidiary's cumulative stake in the Chennai-based entity has risen to 99.99 per cent, valuing the company at approximately USD 2.82 billion, or about ₹26,000 crore.

The filing dated June 25 said, "Subsidiary, Foxconn Singapore Pte Ltd, obtaining Foxconn Hon Hai Technology India Mega Development Private Limited Shares...total transaction amount: USD 37.2 million."

As part of the transaction, Foxconn Singapore acquired 35.17 crore shares in Foxconn Hon Hai Technology India Mega Development Private Limited, which serves as one of the company's key manufacturing facilities for Apple's iPhones in India.

The latest capital infusion comes amid Foxconn's continued expansion in the country. Last year, the Taiwanese electronics giant invested USD 1.48 billion (around ₹12,800 crore) in its Tamil Nadu-based subsidiary, Yuzhan Technology, significantly boosting its manufacturing capabilities.

India has rapidly emerged as a strategic global production hub for Apple, with Foxconn playing a central role in scaling local iPhone manufacturing. Alongside Foxconn,

 Tata Electronics and Pegatron India — now largely owned by Tata Electronics — are the key manufacturers producing iPhones in the country.

The fresh investment is expected to further enhance Foxconn's production capacity and strengthen India's position in the global electronics supply chain, in line with the government's push to transform the country into a leading manufacturing destination under its electronics and semiconductor initiatives.