Oppo Secures 430,000 Sq Ft Lease in Greater Noida for ₹1.04 Crore Monthly

Oppo Leases 430,400 Square Feet of Space to Bhagwati Products in Greater Noida

Key Highlights:

• Oppo has leased 430,400 square feet of space to Bhagwati Products Ltd in Greater Noida's Ecotech for a starting monthly rent of Rs 1.04 crore.
• The lease, which spans 58 months starting January 1, 2026, comes with a 5 percent annual rent escalation after 24 months.

Lease Details:

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• The fresh lease covers the first, second, and third floors of the property.
• The lease will last for 58 months, with the option for rent escalation after 24 months.

Industry Context:

• Bhagwati Products, the electronics manufacturing services (EMS) arm of Micromax, manufactures phones for Oppo and has a joint venture with Huaqin.
• Oppo has been under pressure from the Indian government to localize its smartphone manufacturing, leading to talks with multiple EMS firms.
• Other Chinese firms, such as Vivo, have also established joint ventures with Indian companies to increase local manufacturing.

Market Share:

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• Oppo and Vivo dominate the Indian smartphone market in terms of volume sales, with both brands aiming to increase their market share in value terms through premium smartphone sales.