Omega Seiki Mobility in talks with TN govt for $200 m EV factories.

Omega Seiki Mobility intends to set up two electric vehicle factories - at an investment of $100 million each- in South India and the company is in talks with three States including Tamil Nadu.

The company already operates EV factories at Faridabad and Chakan in Pune. The proposal to set up new factories in the South has been prompted by the growth potential in the southern market and also the prospect of logistics cost optimisation.

“We are looking to set up a mega EV production unit here for electric three-wheelers and a new factory for electric commercial vehicles in this region. We are in talks with both Tamil Nadu and Karnataka governments. We have also looked at Andhra Pradesh,” said Uday Narang, Founder and Chairman of Omega Seiki Mobility, which is part of the Anglian Omega Group. The group has been engaged in the manufacture and export of steel and auto parts over the past 5 decades.

The New Delhi-based company is also exploring the possibility of setting up an integrated facility for electric three-wheelers and electric trucks in one location.

HBL