en.Wedoany.com Reported - Amber Group has signed a manufacturing agreement with Oppo India, expanding its business scope from durable consumer goods and electronic manufacturing services to the mobile phone manufacturing sector.
Oppo India is an authorized manufacturer for brands including Oppo, OnePlus, and Realme. Amber stated in a regulatory filing that this partnership will introduce a new business line for the group. Amber will be responsible for manufacturing mobile phones for Oppo India, combining Oppo's global product expertise and quality standards with the Indian partner's manufacturing scale, operational capabilities, local value addition enhancement, and local supply chain advantages. Amber also noted that this collaboration is expected to support value creation, create opportunities for operational synergies, and strengthen India's position as a preferred destination for manufacturing growth. The two parties will work closely to ensure smooth production ramp-up and explore other opportunities for future collaboration. However, the financial terms of the partnership were not disclosed.
Jasbir Singh, Executive Chairman and CEO of Amber Enterprises India, stated that this manufacturing partnership highlights Amber's manufacturing capabilities and its ability to support globally renowned brands in terms of quality, reliability, value addition, and scale. Ernst & Young (EY) served as the exclusive financial advisor, while AZB & Partners and Aekom Legal acted as legal advisors.
According to data from market research firm International Data Corporation (IDC), Oppo achieved a year-on-year shipment growth of 22% in the Indian smartphone market in the first quarter of 2026, becoming one of the few growing suppliers. The brand ranked third with a 15.3% market share (by volume). Data from Counterpoint Research shows that Oppo (excluding OnePlus) maintained the third position with a 14% share in the same quarter, recording an 8% annual growth rate, making it the fastest-growing brand among the top five. Counterpoint attributed the growth to strong performance in the entry-level market, led by the A series and K series, as well as the market appeal and expanded product portfolio of the premium mid-range Reno series.
According to regulatory filings, Amber Group reported an operating revenue of INR 12,186 crore in FY26, while Oppo Mobiles India reported an operating revenue of INR 31,981 crore in FY25.
In another transaction, Amber's subsidiary IL JIN Electronics (India) will acquire an additional 38.5% equity stake in Ascent Circuits for approximately INR 336.75 crore. Following the execution of this share purchase agreement, IL JIN's shareholding in Ascent will increase from 60% to 98.50%.
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