Economy
Amber Enterprises to Manufacture Oppo, OnePlus, Realme Phones from FY28
Moneycontrol1h
THE BRIEF
1
Amber Enterprises has announced a strategic collaboration to manufacture smartphones for Oppo, OnePlus, and Realme in India, starting from the 2028 fiscal year.
2
The company reported a 13% year-on-year revenue growth and a 28% increase in EBITDA, despite facing a Rs 123-crore exceptional loss in the recent quarter.
3
This partnership is expected to bolster India's domestic electronics manufacturing capacity, aligning with the government's 'Make in India' initiative for the tech sector.