Chinese smartphone maker OnePlus on Wednesday said it has partnered with Optiemus Electronics Ltd (OEL) to manufacture Internet of Things (IoT) devices in India.
OnePlus IoT offerings include TWS (True Wireless Stereo) products and wireless neckbands. The local production of the OnePlus Bullets Wireless Z3 neckband has begun, according to a statement.
The strategic partnership aligns with OnePlus’ long-term vision for India and the recent project Starlight commitment to strengthen localisation efforts in the region.
In December, OnePlus announced plans to invest up to Rs 6,000 crore in its India business over the next three years. Under its strategic initiative, Project Starlight, the company will invest Rs 2,000 crore annually to drive product innovation and enhance customer services.
“OnePlus is extending efforts towards expanding its local manufacturing capabilities and has now begun manufacturing its IoT portfolio of products in the Noida-based facility, in addition to its existing smartphone range being made in India,” a company statement said.
OEL will help enhance the localisation of the Bill of Materials (BOM), lower expenses, and strengthen the brand’s supply chain resilience, it added.
Shares of OEL parent Optiemus Infracom jumped more than 10% to trade at Rs 676.30 apiece on the BSE at 1430 hours.
