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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