Omega Seiki Mobility to Establish USD 200 Million EV Factories

Omega Seiki Mobility plans to establish two electric vehicle factories investment worth USD 100 million each in South India and the company is in discussion with three Indian states including Tamil Nadu.

The organisation existingly manages and operates EV factories at Faridabad and Chakan in Pune. The proposal to establish new factories in the Southern states has been bring about by the growth potential in the southern market and also the plan of logistics cost maximum utilisation.

The entity is looking to establish a mega EV production unit in Tamil Nadu for electric three-wheelers and a new factory for electric commercial vehicles in this region.

The company is constant discussion talks with both Tamil Nadu and Karnataka governments. Moreover, the plan to further reach out to the state of Andhra Pradesh.

The group has been involved in the production and export of steel and auto parts and components for more than 5 decades.

The New Delhi-based company is also looking for the possibility of establishing a consolidated  amenity for electric three-wheelers and electric trucks in single location.

Omega Group was established with a single Bright bar factory in Faridabad, Haryana, in the year 1971. The company has since expanded the business such as in Electric Mobility; High-tech Auto Components; Infrastructure; Supply Chain Management Services; Trading and Sports. The entity works towards fast-track future mobility with the attainment of green energy.