Taiwan's Foxconn, known for producing iPhones for Apple, is reportedly in talks with state governments to manufacture electric vehicles (EVs) in India. This move comes as prices of electronic components, such as those for televisions and mobile phones, have eased back to pre-pandemic levels after record highs over the last two years. Meanwhile, India's merchandise exports fell for the fourth straight month in May, declining 10.3% from the previous year.
Source: Link