Omega Seiki Mobility

Last updated

Omega Seiki Mobility
Company type Private
Industry
Founded2018;6 years ago (2018)
FoundersUday Narang
Headquarters
New Delhi
,
India
Key people
Uday Narang (Chairperson) [1]
Products
  • Rage+
  • Stream
OwnerUday Narang
Number of employees
350 [2]
Parent Omega Seiki Pvt Ltd
Website omegaseikimobility.com

Omega Seiki Mobility is an Indian electric vehicle manufacturer that is developing its own line of commercial EVs primarily deployed with e-commerce for last-mile delivery. [3] Headquartered in New Delhi, India, Omega Seiki serves as a separate business auto vertical of the Anglian Omega Group. [4] [5] The company's first vehicle - Rage+, was indigenously designed and developed in its manufacturing facility in Faridabad, Haryana. [6] Launched in February 2020 at the Auto Expo 2020, Rage+ is claimed to be India's first smart electric cargo three-wheeler. [7] Recently, the company also unveiled a refrigerated vehicle - Rage+ Frost that will assist in delivery of food and pharmaceuticals, particularly the COVID-19 vaccine. [8] Going forward, Anglian is looking to invest US$300–600 million in its e-mobility venture as it is committed to build India's first global electric cargo company. [9] [10]

Contents

History

Anglian Omega Group collaborated with ADM Technologies in 2018 and expanded its expertise into electric vehicle mobility under a separate business entity, Omega Seiki Mobility. [11] Omega Seiki Mobility, also known as OSM, serves as a part of the larger Anglian Omega Network. [12] The network is a global coalition of family owned business that was founded by Satya Pal Narang in 1971. [13] Traditionally dealing in bright bar steel since its inception, the group after achieving an eminent position in the steel market, started investing in the infrastructure segment and developed several large-scale warehousing and cold storage facilities across the country. [14] [15] Today, Anglian Omega has investments in various business sectors like high-tech auto components, supply chain management services, financial services, hospitality and sports, spread across multiple Asian markets as well as in Switzerland and Germany in Europe. [16]

OSM made a foray in the vehicle manufacturing space with the launch of its product - Rage+ at the Auto Expo 2020. [17]

Production

OSM presently has manufacturing units in and around Delhi-NCR as well as in Pune and Chennai. [18] With Delhi-NCR region offering a high demand for the e-commerce sector, the company has set up an R&D as well as a manufacturing facility in Faridabad, while Manesar, Pune and Chennai locations serve as the manufacturing units. [19] [20] [21] This enables OSM's business to cater to three major hubs for OEMs in Indian automotive industry. [22]

Faridabad Facility

OSM's plant located in Sector 58, IMT Faridabad is a facility with an annual capacity of 12,000 vehicles in phase 1 of the EV project. [23] [10] [24] The current Faridabad plant with an installed capacity of 1000 units monthly has been operational since June 2020. [21] [23] The company intends to develop the Faridabad centre as the mother unit which can aid other satellite plants across the country, wherein completely knocked down (CKD) kits could be assembled for an optimized cost structure. [21] In order to expand its project, the Delhi-based organization plans to set up more facilities across the country with the investment being around 200 crores in multiple phases. [25]

Pune Facility

The third manufacturing facility of OSM, located in Chakan, Pune, has an initial annual production capacity of 6,000 units. [26] With plans to increase this capacity to 30,000 units by 2025, OSM is demonstrating its commitment to scaling up its operations significantly. The facility spans over 50,000 square feet and plays a crucial role in the company's manufacturing infrastructure. [27] It is staffed by approximately 250 employees, who are integral to its production and operational success. This new plant represents a significant investment of approximately ₹40 crore by the electric vehicle manufacturer. Looking ahead, OSM has outlined plans to invest an additional ₹190 crore over the next three years. [28]

Related Research Articles

<span class="mw-page-title-main">Bajaj Auto</span> Indian two-wheeler and three-wheeler manufacturing company

Bajaj Auto Limited is an Indian multinational automotive manufacturing company based in Pune. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj (1889–1942) in Rajasthan in the 1940s.

Tata Motors Limited is an Indian Multinational automotive company, headquartered in Mumbai and part of the Tata Group. The company produces cars, trucks, vans, and busses.

<span class="mw-page-title-main">Ashok Leyland</span> Indian multinational automotive company

Ashok Leyland is an Indian multinational automotive manufacturer, with their headquarters in Chennai. It is now owned by the Hinduja Group. It was founded in 1948 as Ashok Motors, which became Ashok Leyland in the year 1955 after collaboration with British Leyland. Ashok Leyland is the second largest manufacturer of commercial vehicles in India, the third largest manufacturer of buses in the world, and the tenth largest manufacturer of trucks.

BYD Auto Co., Ltd. is the automotive subsidiary of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces battery electric buses and trucks.

<span class="mw-page-title-main">Hero MotoCorp</span> Indian two-wheeler manufacturing company

Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It is one of the world's largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry. As of 27 May 2021, the market capitalization of the company was ₹59,600 crore.

The automotive industry in India is the fourth-largest by production in the world as per 2022 statistics. As of 2023, India is the 3rd largest automobile market in the world in terms of sales. In 2022, India became the fourth largest country in the world by the valuation of its automotive industry.

<span class="mw-page-title-main">Mercedes-Benz India</span> Automobile manufacturer company

Mercedes-Benz India Pvt Ltd is a wholly owned subsidiary of the German Mercedes-Benz Group founded in 1994, with headquarters in Pune, Maharashtra, India.

<span class="mw-page-title-main">Economy of Gujarat</span>

The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.

<span class="mw-page-title-main">Renault Twizy</span> Two-seat electric car

The Renault Twizy is a two-seat electric microcar designed and marketed by Renault. It is classified in Europe as either a light or heavy quadricycle depending on the output power, which is either 4 kW (5.4 hp) for the 45 model or 13 kW (17 hp) for the 80 model, both names reflecting its top speed in km/h. Originally manufactured in Valladolid, Spain, production was moved to Busan in South Korea in March 2019 to meet increased demand in Asia. In July 2023 it was announced that production of the Twizy was to end in September 2023; it is to be replaced by the new Mobilize Duo.

<span class="mw-page-title-main">Tube Investments of India Limited</span> Indian manufacturing company

Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.

<span class="mw-page-title-main">Greaves Cotton</span> Indian engineering company

Greaves Cotton Ltd. is an Indian conglomerate engineering company that manufactures Cleantech Powertrain Solutions for petrol, diesel and CNG engines and heavy equipment. It is traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).

The electric vehicle industry in India is slowly growing. The central and state governments have implemented schemes and incentives to promote electric mobility, and have introduced regulations and standards. Although India would benefit from converting its transport from internal combustion (IC) engines to electric motors, challenges include a lack of charging infrastructure, high initial cost and a lack of renewable energy. E-commerce companies, car manufacturers, app-based transport network companies and mobility-solution providers have entered the sector, however, and are slowly building electric-car capacity and visibility.

<span class="mw-page-title-main">Ather Energy</span> Indian electric vehicle manufacturer company

Ather Energy is an Indian electric two-wheeler manufacturer, headquartered in Bangalore. It was founded by Tarun Mehta and Swapnil Jain in 2013. It currently manufactures electric scooters known as the Ather 450 Apex, Ather 450S, Ather 450X and the Ather 450X Pro. It has two EV manufacturing facilities one in Whitefield, Bangalore and other in Hosur, Tamil Nadu.

Yulu is an Indian technology-driven electric micromobility platform headquartered in Bengaluru.It provides shared low-speed two-wheeler electric vehicle (EV) services in Bengaluru, Mumbai, Navi Mumbai, Delhi and Gurugram. Yulu operates 25,000 dockless shared EVs and has four million users. Its EVs are used for 280,000 last-mile deliveries and 10,000 commutes each day.

<span class="mw-page-title-main">Ola Electric</span> Electric motor scooter manufacturer India

Ola Electric Mobility is an Indian electric two-wheeler manufacturer, based in Bengaluru, Karnataka, India. It is India's largest electric two-wheeler manufacturer valued around US$5.4 billion as of September 2023. It has a manufacturing facility located in Krishnagiri, Tamil Nadu which is India's largest two-wheeler EV manufacturing factory.

<span class="mw-page-title-main">Okinawa Autotech</span> Indian electric vehicle company

Okinawa Autotech is an Indian electric vehicle company, headquartered in Gurgaon, Haryana. It was founded by Jeetender Sharma and Dr Rupali Sharma in 2015.

<span class="mw-page-title-main">Wardwizard Innovations & Mobility Limited</span> Electric vehicle manufacturing company in India

Wardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal.

<span class="mw-page-title-main">SUN Mobility</span> Indian electric vehicle energy service provider

SUN Mobility is an electric vehicle energy services company founded in 2017 that develops, manufactures and operates battery swapping infrastructure for electric two-wheelers, three-wheelers, and larger commercial vehicles. Battery swapping as a technology helps accelerate the faster adoption of electric vehicles due to the lower upfront purchase price of electric vehicles, and the lower running costs - particularly in the case of commercial applications.

References

  1. ↑ "Following A Farm-To-Fork Strategy With Our EVs: Uday Narang, Chairman, OSM". BW Auto World.
  2. ↑ "Omega Seiki Mobility appoints Nida Khanam as CHRO". Economic Times.
  3. ↑ "Solid-state EV batteries in India; Omega Seiki partners with C4V USA". Machine Maker.
  4. ↑ "Omega Seiki Mobility to set up electric vehicle production plant in Bangladesh". Hindustan Times Auto.
  5. ↑ "Omega Seiki Mobility Plans to Set-up Manufacturing Facilities". Manufacturing Today.
  6. ↑ "Omega Seiki Mobility (OSM) signs MoU with battery system expert Forsee Power to enhance battery performance of its product range". Forsee Power.
  7. ↑ "From traditional automotive parts to Smart EVs: Check Omega Seiki's Electric Cargo 3Wheeler for Last Mile eCommerce Delivery". Machine Maker.
  8. ↑ "Rage+ Frost: Omega Seiki Brings Revolutionary Electric Three-Wheeler for Last Mile Delivery of COVID Vaccines". Blue Circle.
  9. ↑ "Omega Seiki Mobility looks to invest USD 300-600 mln in electric mobility biz". Outlook.
  10. 1 2 "EXCLUSIVE: OMEGA SEIKI MOBILITY TO FORAY INTO ELECTRIC 2, 4 WHEELERS". Motown India.
  11. ↑ "Omega Seiki to Launch Electric Tractor, Cargo Pick-up Truck as Part of Expansion Plan". News 18.
  12. ↑ "Omega Seiki Mobility Signs MoU To Work On EV Technology". Car and Bike.
  13. ↑ "Sandeep Narang: The coalition entrepreneur". Mint. 8 September 2016.
  14. ↑ "Omega Seiki Signs MoU With Italian Engineering And Technology Companies". Car and Bike.
  15. ↑ "Omega Seiki Mobility to set up electric vehicle manufacturing plant in Bangladesh, company to invest INR 100 crores". ANI.
  16. ↑ "India's Omega Seiki Mobility to set up electric vehicle manufacturing plant in Bangladesh". Prothom Alo English. 26 February 2021.
  17. ↑ "Valeo and Omega Seiki join hands to accelerate two and three wheelers electrification in India". Valeo. 2 July 2021.
  18. ↑ "Omega Seiki Mobility to set up plant in Bangladesh". Big News Network.
  19. ↑ "Omega Seiki Mobility looks to invest USD 300-600 mln in electric mobility biz". Yahoo Finance.
  20. ↑ "India's Omega Seiki to make electric vehicles in Bangladesh". The Daily Star. 26 February 2021.
  21. 1 2 3 "Omega Seiki Focussing On Optimising Last Mile Solutions". Auto Tech Review.
  22. ↑ "OMEGA SEIKI MOBILITY SIGNS MOU WITH 3 ITALIAN ENGINEERING COMPANIES". Motown India.
  23. 1 2 "Omega Seiki Mobility Plans Hub & Spoke Model To Grow Its E-Mobility Venture". MOBILITY OUTLOOK.
  24. ↑ "Omega Seiki makes foray into EV space; unveils electric cargo vehicle". Business Standard. 31 January 2020.
  25. ↑ "Omega Seiki Unveils Singha and Singha Max Electric Three-Wheelers". Wheel BHP.
  26. ↑ "Omega Seiki Mobility announces new EV manufacturing plant with 6,000 unit per annum capacity: Details explained". Times of India.
  27. ↑ ":Omega Seiki Mobility opens new EV manufacturing unit in Pune". Business Today.
  28. ↑ ":Omega Seiki inaugurates its fourth EV manufacturing plant in Chakan". Hindustan Times Auto.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.