Optiemus Electronics Looking To Invest Rs 150 Cr To Ramp Up Production of Laptops, Wearables & Hearables

- Advertisement -

OEL is among electronic manufacturing services that has qualified for production linked incentive (PLI) scheme

Optiemus Electronics is looking to double production capacity for wearables and hearables along with ramping up the production of laptops to 1.5 lakh units a year in 2022, a senior company official said.

Optiemus Electronics Limited (OEL) Managing Director A Gururaj informed that the company is looking to invest Rs 150 crore on ramping up manufacturing capacity as well as hire up to 2,000 people in 2022.

- Advertisement -

“We can manufacture roughly about 1lakh to 1.5 lakh laptops per year. Customer is saying that I want more. We are in discussion with them (OEMs). We are at about a lakh and a half like laptops per year (in terms of capacity). We will start somewhere at that level to begin with in the next two to three months,” he told PTI.

OEL is among electronic manufacturing services (EMS) that has qualified for production linked incentive (PLI) scheme. He said that OEL is bullish on growth in wearables and hearing device business during the present calendar year.

Gururaj said that OEL has started focussing on the wearable segment even without PLI being in place for the same. The company already makes devices for Noise.

“While we are ramping up capacity for Noise, we will also be working with more brands and OEMs to double-triple this business in the coming year. The hearables and wearables space is the homegrown brands are doing very well, you know, and I think their market share is substantial,” Gururaj said.

The company at present has capacity to manufacture 3 lakh wearables and hearable devices at present which it plans to more than double to 7 lakh units per month by March, he said.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

Tata Power Boosts E-bus Charging Network

0
The Tata Group subsidiary installs EV chargers for e-buses across Indian cities to bolster e-mobility and reduce emissions.  According to an official announcement on Wednesday,...

Ather Expands EV Manufacturing Facility In Aurangabad

0
Ather Energy expands with a new Rs 1,000 crore plant in Aurangabad, Maharashtra, to ramp up electric vehicle production on 100 acres. Ather Energy, the...

Alphawave Semi Collaborates with Samsung on Semiconductor Innovations

0
British tech firm Alphawave Semi announced its partnership with Samsung Foundry to advance innovations in semiconductor nodes.  On Tuesday, Alphawave Semi, a UK-based network connectivity...

Important Sectors

Tata Power Boosts E-bus Charging Network

0
The Tata Group subsidiary installs EV chargers for e-buses across Indian cities to bolster e-mobility and reduce emissions.  According to an official announcement on Wednesday,...

Ather Expands EV Manufacturing Facility In Aurangabad

0
Ather Energy expands with a new Rs 1,000 crore plant in Aurangabad, Maharashtra, to ramp up electric vehicle production on 100 acres. Ather Energy, the...

Alphawave Semi Collaborates with Samsung on Semiconductor Innovations

0
British tech firm Alphawave Semi announced its partnership with Samsung Foundry to advance innovations in semiconductor nodes.  On Tuesday, Alphawave Semi, a UK-based network connectivity...

Rocket Lab Doubles Solar Production With $23.9M

0
Rocket Lab secured $23.9 million in Chips and Science Act funding and $25.5 million in state incentives to double solar production at SolAreo Technologies...

Toshiba, Rohm Invest $640M In Semiconductor Expansion

0
Toshiba Corp's strategic alliance with Rohm Co. is set to make a significant impact in the semiconductor industry. The two companies are pooling in...

Manufacturing

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...

Amara Raja Eyes Lithium-Ion Cell Manufacturing Partnership

0
The management of the battery manufacturer stated that they are in the advanced stages of talks with several parties regarding a more extensive cell...