Anglian Omega Group’s Omega Seiki Mobility aims for bringing multiple electric products including two-wheelers, a four-wheeler cargo vehicle and a tractor in over next two years, a top company official said.
The company already had multiple manufacturing facilities in Delhi/NCR and now aims to set up manufacturing facilities across various parts of the country. It also plans to have around 200 dealerships by the end of the upcoming year. For this project, it had got an initial investment of Rs 200 crore and going further it aims to raise another Rs 1,000 crore for funding its expansion plans.
“We are going to have factories and we are going to line up the products, we are going to be non-stop from here till next few years,” said Uday Narang, Chairman of Anglian Omega Group. He added that the company would consider different options for raising the required capital to fund various projects.
Deb Mukherji, MD, Omega Seiki Mobility on elaborating the pipeline said that the electric two-wheelers for both the passenger and cargo segments would be introduced in April next year, while the four-wheeler cargo and tractor would make its way in 2021-end or early 2022.
The company has recently set up dealerships in Hyderabad and Bengaluru and plans to open 20 more outlets in Tamil Nadu, Karnataka and Kerala by the end of this year. Currently, Omega Seiki Mobility sells electric three-wheeler Rage and has recently unveiled three new products- Sun Ri (three-wheeler cargo), Ride (E-rickshaw), and Stream (passenger auto-rickshaw), which it plans to launch commercially in March 2021.
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