Bharat FIH faces challenges, Foxconn expands India presence through other subsidiaries

Foxconn is expanding its business in India through other subsidiaries, while Bharat FIH faces challenges due to a sharp drop in Xiaomi orders. Bharat FIH is consolidating its business and seeking diversification. Bharat FIH is overly dependent on Xiaomi, which faces increasing regulatory pressure in India as Sino-Indian relations become strained. Xiaomi has long dominated the Indian smartphone market.