Foxconn’s Bharat FIH looks beyond Xiaomi to offset slump

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.

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