Mumbai, Maharashtra
Omega Seiki
Mobility (OSM), a part of Anglian Omega Group of Companies, has announced its
plan to invest $300-600 million in the next 5-7 years in the electric mobility
business. Through this move, the company aims to become a global brand.
Uday Narang,
Chairman, OSM, mentioned that the company plans to set up a manufacturing
facility and an R&D centre in collaboration with an OEM in Europe. It will
also foray into the African market besides expanding in the domestic electric
vehicle (EV) space.
OSM has a
manufacturing facility in Faridabad and will commission another plant in a few
months. Earlier this month, the EV maker announced its collaboration with
French automotive supplier Valeo for electric powertrains.
Narang noted
that OSM is also setting up a plant in Bangladesh. The company is in talks with
players in Kenya, Zambia, Ethiopia, Nigeria, South Africa and Botswana to
expand its presence there. The EV maker has plans to set up a semi-knock down
assembling plant and individual facilities as part of the 'Make-in-Africa'
initiative. For now, it will be importing fully-built vehicles to Africa.
The company’s
portfolio currently shows two cargo e-three-wheelers. Narang added that OSM
would soon launch all-electric scooters, rickshaws, four-wheeler cargo,
tractors and buses.
Source – ET Auto
Image Source: Omega Seiki Mobility Website
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