Omega Seiki Mobility invests $ 200-300 million in electric light business

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Anglian Omega Group’s EV arm, Omega Seiki Mobility (OSM), is investing US $ 200-300 million in electric light trading with plans to deploy electric trucks in various payload capacities in the domestic market here this tax purpose for the logistics industry, the company said President Uday Narang. OSM has carried out R&D work for the past four years to build electric trucks in Korea, where production of these vehicles has already started, he said.

The 40-year-old family-owned Delhi-based Anglian Omega caters to multiple industries such as automotive, logistics, infrastructure, vehicle finance, and drones, among others.

It has manufacturing plants in Pune and Chennai, while its Faridabad plant caters exclusively to the electric vehicle segment.

“OSM is trying to introduce ‘Electric Kranti’ in India and within this framework it has decided to start producing electric utility vehicles.

“We have been doing R&D for the past four years to build electric trucks in South Korea. We have tested and developed these trucks with former Daewoo Motors employees,” Narang told PTI in an interaction.

He said that production of these e-LCV trucks has already started in South Korea for both left-hand and right-hand markets with plans to deploy these vehicles in India initially in payload capacity. from 1.5 tons, 3.5 tons and even up to 6.5 tons. no later than March of next year.

OSM will gradually switch to manufacturing heavy-duty electric trucks, he said, adding that the e-LCV trucks initially have a distance of 150-200 km, while the company also offers the option of fast charging which will be done. within 20 minutes.

“The company is investing $ 200-300 million in the electric truck business, which will initially be assembled at the group’s factory in Chakan, Pune. We plan to manufacture these electric trucks either in Karnataka or in Andhra Pradesh, where the group already owns 106 acres of land with it, ”Narang said.

He said talks with the AP government are already underway on the issue.

Narang said that initially 1,000 units will be imported into the country for use by various industries to get their feedback on this, adding that the company plans to supply these trucks to the logistics market in major cities like Delhi, Mumbai, Bangalore, among others to begin with.

According to Narang, left-hand drive trucks are made for exports to the Middle East and parts of Latin American markets, while right-hand drive trucks are made for Indian markets and some Asian markets.

“We are arousing the interest not only of logistics players in the e-commerce segment but also in non-e-commerce. We have a huge demand from logistics players in the FMGC, the automotive space, between We are starting by focusing on the B2B segment, but will finally enter the B2C market to help our truck drivers stuck at borders, pressed by fuel prices.

He said the company is working closely with providers of electric vehicle charging solutions such as Magenta, Sun mobilities, including OSM Grid, among others to improve the charging infrastructure. We are installing our first charging station in Faridabad by the end of the month.

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