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Omega Seiki Mobility Looks To Invest USD 300 600 Mn In Electric Mobility Biz

Omega Seiki Mobility (OSM), a part of Anglian Omega Group of companies, is looking to invest USD 300-600 million (around Rs 2,232 crore - Rs 4,465 crore) in the next 5-7 years in the electric mobility business as it aims to become a global brand, its chairman Uday Narang has said. The Faridabad-based electric vehicle company has plans to set up a manufacturing facility and an R&D center in collaboration with an OEM in Europe and foray into the African market besides expanding its footprint in the domestic EV space, he said. The EV maker currently has a manufacturing plant in Faridabad and the second one is expected to be commissioned there in the next few months. It launched its first electric three-wheeler last year. OSM early this month announced a collaboration with French automotive supplier Valeo for electric powertrains. The company currently has two cargo e-three-wheelers in its portfolio, and it is expecting to roll out scooters, rickshaws, four-wheeler cargo, tractors, and

Omega Seiki Mobility to invest $300-600 mn in electric mobility biz

Omega Seiki Mobility to invest $300-600 mn in electric mobility biz
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