Amber Enterprises shares in focus as firm signs smartphone manufacturing collaboration with Oppo India

Amber Enterprises shares will be in the spotlight on Friday, June 19, as the company, on Thursday, post-market hours, announced that it has entered into a manufacturing collaboration with Oppo Mobiles India Private Limited (Oppo India).

OPPO India is a licensed manufacturer of mobile phones for the brands of OPPO, OnePlus, and Realme (the Brands) in India.

Under this collaboration, Amber Group will manufacture mobile phones for the brands, combining the brands’ global product expertise with the Indian partner’s manufacturing scale, operational capabilities, capability to enhance local value addition, and local supply chain strengths, the press release said.

This partnership, the press release said, reflects OPPO India’s recognition of Amber Group’s capabilities to deliver quality, scale, and consistency. For the Amber group, the collaboration represents an important milestone in its efforts to expand its role in manufacturing and strengthen its long-term growth platform.

What the chairman said

Jasbir Singh, Executive Chairman & CEO, Amber Enterprises India Limited, said: “We are excited for this manufacturing collaboration with OPPO India. This collaboration underscores our manufacturing capabilities and our ability to support globally recognized brands with quality, reliability, value addition, and scale."

Singh added, "The collaboration is expected to create opportunities for operational synergies and reinforce Amber’s position as a preferred entity for B2B manufacturing. Both companies will work closely to ensure a gradual, smooth ramp-up and to explore additional opportunities for future collaboration."

The company further said that Ernst & Young (EY) acted as the exclusive financial advisor. AZB & Partners and Aekom Legal acted as legal advisors.

About Amber Enterprises

Amber Enterprises India is a manufacturer of components and finished products for original equipment manufacturers (OEMs) and original design manufacturers (ODMs), primarily in the air-conditioning industry. While room air conditioners remain its core business, the company has diversified into a range of consumer durables and electronic components.

Its product portfolio includes room air conditioners, window air conditioners, indoor and outdoor units, and various AC components and spare parts. The company also manufactures mobility applications used in buses, railways, metro systems, and defence-related platforms.

In addition to the residential AC segment, Amber has a presence in the commercial air-conditioning market, supplying solutions for larger-capacity cooling systems.

Founded in 1990, Amber Enterprises has expanded its manufacturing footprint across India, with facilities catering to different product categories. The company was originally incorporated as Amber Enterprises India Private Limited and was converted into a public limited company on September 22, 2017.