Reliance partners with Foxconn to manufacture Lyf branded smartphones in India

The Reliance Lyf phones will be a lot cheaper if it ever happens.

In what could be considered as a significant move, Reliance Industries (RIL) led by Mukesh Ambani has reportedly partnered with Taiwanese smartphone maker, Foxconn to manufacture their Lyf branded phones in India itself.

Reliance partners with Foxconn to build smartphones in India

The company will set up a manufacturing plant in Navi Mumbai and will soon start the production of smartphones. Also, the company has asked Foxconn to manufacture set-top boxes, and other home automation devices as well.

Also Read: Reliance Jio to continue offering free voice calling, but might charge for data after March 31

That said, Reliance is making this move especially because of bringing down the cost of their Lyf phones, and it will eventually happen if Foxconn agrees to this.

A spokesperson from Reliance speaking to Economic Times quoted as follows "Foxconn has its set of handsets that they will make for Reliance's Lyf. Local sourcing will bring down costs of these devices,".

There is no estimated date revealed by the source on when the production will officially start, but we are expecting it to begin in coming weeks.

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