Omega Seiki Mobility (OSM) might be organising the world’s largest electrical three-wheeler manufacturing unit within the state of Karnataka with an funding of USD 250 million. The new facility might be in-built three phases and can have a manufacturing capability of 1 million electrical three-wheelers each year.
The firm might be elevating funding within the type of fairness in addition to debt to construct the OSM Megafactory which is slated to start manufacturing by FY 24.
The new facility might be supplemented by its personal provide chain of powertrains and battery packs. OSM can be in lively negotiation with present in addition to new suppliers for organising ancillary manufacturing amenities within the neighborhood of the OSM Megafactory which might be constructed over an space of 250 acres.
The new manufacturing plant will produce a complete vary of Omega Seiki Mobility electrical three-wheeler autos which embody Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper. Besides, the brand new plant will even be manufacturing the quickly to be launched OSM Stream which might be an electrical three-wheeler passenger provider.
Speaking on the OSM Megafactory Uday Narang, Chairman and Founder, OSM, mentioned “The organised electric three-wheeler market has exponentially grown by a massive 200% in FY22 as against the previous fiscal. This has helped EV 3 wheelers now command a massive 46% of overall three-wheeler volumes.”
He added, “We at OSM believe that adoption of EVs in the last-mile delivery sector and government bodies will help India become the first market in the world where every 3 EV three-wheeler will be sold for every 1 ICE three-wheeler. We want to be the market leader in the three-wheeler market, not just in India but the world and the new OSM Megafactory with a capacity of 1 million units is the first step towards this goal.”
The electrical three-wheeler phase is a mature phase of the market within the ASEAN area. In current years this market has seen exponential development, primarily pushed by e-commerce corporations for his or her last-mile necessities buoyed by the driving economics of EVs over diesel and CNG powered autos.
After a profitable entry into India, Omega Seiki Mobility is planning to enter worldwide markets. The firm has already arrange JVs in Bangladesh, Egypt and UAE.
“We are sitting at the cusp of a major EV revolution with our range of products which have not just been manufactured in India but also developed in the country keeping in consideration the harsh weather conditions. Today I am proud to say that OSM products are plying not just in urban and rural cities but also in small towns, be it in the harsh winters of the Himalayas or the sweltering heat of Rajasthan,” added Narang.
Dr Deb Mukherji, Managing Director, Omega Seiki Mobility, mentioned, “OSM is a global brand and the new OSM Megafactory will cater to the Indian as well as ASEAN, Africa and the Middle East markets. Today OSM is the first EV company to export Made in India three-wheelers to these geographies.”
“We will also set up manufacturing in these countries along with our local partners. OSM has also focused on integrating its product portfolio and is the only company in India to offer three power pack options – long-range, rapid charging and swappable.” added, Dr Deb Mukherji
The Electric three-wheeler cargo phase is the spine of the Indian last-mile mobility ecosystem. These autos supply reasonably priced transportation options to giant elements of the nation, which helps within the betterment of the bottom-line of logistics gamers throughout a time when petrol, diesel, and CNG costs are at an all-time excessive.
OSM presently has an order ebook of over 50,000 items. The firm is presently working its fleet in 20 cities, doing greater than 10 lakh Km monthly. Omega Seiki Mobility is working intently with companions for overcoming the availability chain disruptions which have been plaguing the automotive trade.
To obtain the excessive scale manufacturing of EVs, the corporate has arrange JVs with Korean firm Jae Sung Tech to fabricate a brand new vary of powertrains. Omega Seiki Mobility can be planning to fabricate in-house motors and battery packs.
“We can do 1 million vehicles only if we have our own motors, powertrains and batteries. We are working towards becoming a fully integrated company in India to have control over the supply chain dynamics of these critical parts fully under our control,” added Dr Mukherji.
Source: www.financialexpress.com”