Omega Seiki Mobility

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Omega Seiki Mobility
Company typePrivate
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]
ParentOmega Seiki Pvt Ltd
Websiteomegaseikimobility.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]

History

[edit]

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

[edit]

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

[edit]

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

[edit]

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]

References

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  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. ^ a b "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. ^ a b c "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. ^ a b "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.
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