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Omega Seiki to Set up EV Manufacturing Facility in Bangladesh with Investment of Rs 100 Crore

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Indian company to set up electric vehicle planOmega Seiki Pvt Ltd has announced that it will set up an Electric Vehicle(EV) manufacturing facility,  known as OSM-Bangladesh near Dhaka in Bangladesh with investment of Rs 100 crore.

This will be the 1st project of any Indian EV company in international markets. The EV manufacturing company will be registered in Bangladesh.

i.The vehicles of Omega Seiki will be powered by Li-Ion batteries and with powertrains built in  Bangladesh, with technology transfer from India.

ii.The project will be a modern greenfield facility.

Focus: To manufacture two-wheelers, three-wheelers, and electric bicycles.

Note – Bangladesh has a zero-tax policy for exports to 39 countries including India.

Highlights about manufacturing Facility:

i.Under the OSM brand the vehicles that are manufactured in Bangladesh will be sold through  local partners and franchises.

ii.Omega Seiki intends to reduce traffic jam and pollution by manufacturing EVs

Key Info:

i.Omega Seiki Mobility is the mobility arm of the Omega Seiki Pvt Ltd will provide  smart, green solutions for e-commerce, cargo and logistics companies.

ii.Currently, Omega Seiki Mobility has 2 manufacturing plants in India, located at IMT Faridabad and IMT Manesar, Haryana.

iii.Omega Seiki Mobility Ltd launched its 1st electric vehicle in India, Singha & Singha Max, a three-wheeled cargo vehicle.

iv.It will also invest Rs 200 crore in India to focus on R&D and manufacture all cutting-edge technologies and IT-driven businesses in the e-mobility segment. But now it focuses on  electric mobility.

Recent Related News:

Ola Electric acquired the Netherlands-based Etergo BV, an innovative electric scooter company for an undisclosed sum, as the former has planned to set its own line of premium electric two-wheelers, both globally and nationally. Ola electric will launch its global electric two-wheeler in India in 2021.

About Omega Seiki Private Limited:

It is a member of the Anglian Omega Network.
Managing Director–  Deb Mukherji, PhD
Headquarters– New Delhi, Delhi