Hon Hai making televisions for Sony in India, says report
Taiwan- based Hon Hai Precision Industry Co. ( ) , the world’s largest contract electronics- maker, has teamed up with Sony Corp. to manufacturer TVs in India, according to a report in an Indian newspaper.
The Economic Times of India said Tuesday that Hon Hai, known outside Taiwan as Foxconn Technology Group (
) , has started manufacturing TVs under Sony’s Bravia brand in a plant near Chennai, the largest industrial and commercial center in southern India.
The plant belongs to Hon Hai’s subsidiary in India called Competition Team Technology, and has been rolling out two models of 43- inch TVs running the Android operating system, the report said. It said that the first shipments will start Aug. 4.
“Local production will help us to be more competitive, offer lower costs and allow faster turnaround time to launch newer models,” Sony India Managing Director Kenichiro Hibi was cited by the Economic Times as saying.
Hibi said that the Indian government’s “make in India” initiative and the growing importance of the South Asian country in the world market led Sony to decide to manufacturer TVs there. He said that it is possible for Sony to roll out more TV models said.
According to the report, Sony is planning to expand its TV production in India to 22- inch to 43- inch models in the future.
The Economic Times said that in the initial stage, Sony will roll out TVs for the Indian market through Hon Hai, and the Japanese firm does not rule out the possibility that it will build its own plant for Indian buyers and even ship made- in- India TVs overseas.
Market sources here said that it is the first time Hon Hai has produced LCD TVs in India.
The sources said Competition Team Technology is owned by Hon Hai’s Hong Kong- listed unit FIH Mobile Ltd, which serves as a mobile phone contract- maker for international brands such as Sony and Nokia.
Over the weekend, news media in India reported that Hon Hai, China’s largest e- commerce operator Alibaba Group Holding Ltd. and Japan- based telecom services supplier Softbank Corp. have jointly invested US$ 500 million in Indian e- commerce firm Snapdeal. com.
Hon Hai Chairman Terry Gou ( ) visited India in July, and told Indian news media that his group plans to set up 10- 12 production bases in the country by 2020, aiming to create 1 million jobs there.