Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Omega Seiki Mobility To Invest Rs 100 Crore To Set up EV Manufacturing Facility in UP

- Advertisement -
  • The OEM will invest Rs 100 crore in the state and will be creating 10,000 jobs in the next 2 years in Ghazipur
  • OSM factory in Gazipur would focus on the growth market of Uttar Pradesh, Bihar, Bengal and Madhya Pradesh

Omega Seiki Mobility (OSM), part of the Anglian Omega Group of companies and Youth Rural Entrepreneur Foundation (YREF), signed a memorandum of understanding (MoU) to set out the framework under which OSM and YREF will set up a complete electric vehicle manufacturing facility in Ghazipur, Uttar Pradesh. The OEM will invest Rs 100 crore in the state and will be creating 10,000 jobs in the next 2 years in Ghazipur.

Uday Narang, founder, Omega Seiki Mobility, said that they are to partner with Youth Rural Entrepreneur Foundation (YREF). It believes that the electrification of the transport sector is the first step to solve the problems of air pollution which has been plaguing our cities. That’s not all, we at OSM believe that the EVs will also play a major role in targeting one of the biggest problems India is facing now – unemployment

Deb Mukherji, MD, Omega Seiki Mobility, said, “There are almost 6.5 lakh villages in India of which more than a lakh are in Uttar Pradesh. With this programme we want to be a part of the central government’s efforts to generate employment via the Skill India campaign. Ghazipur is a pilot project for OSM and what we are planning to do is manufacture electric vehicles here and customise them based on the customer’s personal and business needs. We will be the first major automotive company to set up a facility in this region and will work closely with the government to put India first. Once the successful implementation of this programme is completed, we will first take the Ghazipur model to Ayodhya and Varanasi and then to the entire country.”

- Advertisement -

Ghazipur is a pilot project for OSM and what we are planning to do is manufacture electric vehicles here and customise them based on the customer’s personal and business needs.

Growth market of Uttar Pradesh, Bihar, Bengal and Madhya Pradesh

Sunil Singh, CEO, Youth Rural Entrepreneur Foundation, said that the Omega Seiki Mobility and Youth Rural Entrepreneur Foundation is dedicated to work towards creating employment in rural India under the Emblem ‘Mera Rojagar: The soul of India resides in India’. The engagement of Youth Rural Entrepreneur Foundation and Omega Seiki Mobility together will be responsible investment in the electric space for creating electric carts for street vending on electrical two- and three-wheelers.”

He added that the OSM factory in Gazipur would focus on the growth market of Uttar Pradesh, Bihar, Bengal and Madhya Pradesh. India has seven lakh villages and we aim to target all seven lakh villages through the venture.

- Advertisement -

Most Popular Articles

Govt To Focus More On Indian Carmakers To Grow EV Industry

0
Both foreign and Indian carmakers, such as Mahindra and Tata Motors, believe that lower import duties will massively impact their investments. To strengthen the foothold...

Subsidies And Lower Costs Boost EV Accessibility: Axis Securities

0
The analysis suggests that while electric vehicles (EVs) have a higher initial purchase price, they become more economical in the long run due to...

ALVA And Google Cloud Partner To Boost CX, Support Green Mobility Transition

0
ALVA picks Google Cloud to enhance its AI-driven innovation in R&D, customer service, sales productivity, and localised marketing content. ALVA, a pioneering brand in the...

Fujifilm To Invest 20Bn Yen To Augment Semiconductors Materials Production

0
Clean room facilities and inspection units will be installed to produce the latest photosensitive material, coupled with the finest quality inspection system. Japan’s leading photography,...

Intel Declines Arm’s Acquisition Proposal For Chip Division

0
Amid restructuring and facing the perils of fierce competition, Intel has rejected  Arm's bid for its chip division, stating emphatically that the unit is...
Dileep Jain CEO, Rajguru Electronics

Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?

0
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY’s Yashasvini Razdan...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
Tanvir Singh, Co-Founder of Mooving

“Battery And Vehicle OEMs Will Be Partners On One Side, Competitors On The Other”...

0
With what is being touted as the ‘Shift of the Century’ in the automotive segment, the business models are evolving too! Does that mean...
Alok Das, Co-Founder, Qargos

“Europe’s Going To Be A Big Market For Indian E2Ws” – Alok Das, Co-Founder...

0
Europe is becoming a hub of investments in the automotive industry, with numerous Indian companies joining the fray. The question arises: will Europe follow...
Rahil Gupta, Co-Founder of Hop Electric

“EV Battery Prices Will Drop By 80% In Next Five Years” – Rahil Gupta,...

0
As the global electric vehicle market finds itself in a tough spot, India’s use cases of electric two-wheelers and three-wheelers have come to the...

Think Raw India’s Solar Solutions for the Agricultural Sector

0
ThinkRaw’s blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture. established in 2016 by...

Starya Mobility: Shifting Gears From Developing Motors Towards Retrofitting

0
Starya Mobility, a Bengaluru-based startup, evolved from developing EV components to retrofitting scooters, is adapting to India’s dynamic electric vehicle market. Starya Mobility, established in...

Dhruv Vidyut’s Retrofit Kit Converts Normal Vehicle Into EV

0
Innovation begins with simple ideas. Curious how a basic bicycle can become an electric vehicle? Dhruv Vidyut’s retrofit kit is quietly leading this transformation. The...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
InCore Co-founders (L to R): Arjun Menon (Chief Engineer), G.S. Madhusudan (CEO), Neel Gala (CTO), and Gautam Doshi (Chief Architect)

InCore Unveils Six-Core RISC-V Test Chip To Accelerate Design Adoption

0
InCore Semiconductors has introduced a six-core RISC-V test chip that utilises the company’s proprietary generator technology to build its flexible architecture, allowing for the...

Industry's Buzz

Govt To Focus More On Indian Carmakers To Grow EV Industry

0
Both foreign and Indian carmakers, such as Mahindra and Tata Motors, believe that lower import duties will massively impact their investments. To strengthen the foothold...

Subsidies And Lower Costs Boost EV Accessibility: Axis Securities

0
The analysis suggests that while electric vehicles (EVs) have a higher initial purchase price, they become more economical in the long run due to...

ALVA And Google Cloud Partner To Boost CX, Support Green Mobility Transition

0
ALVA picks Google Cloud to enhance its AI-driven innovation in R&D, customer service, sales productivity, and localised marketing content. ALVA, a pioneering brand in the...

Fujifilm To Invest 20Bn Yen To Augment Semiconductors Materials Production

0
Clean room facilities and inspection units will be installed to produce the latest photosensitive material, coupled with the finest quality inspection system. Japan’s leading photography,...

Intel Declines Arm’s Acquisition Proposal For Chip Division

0
Amid restructuring and facing the perils of fierce competition, Intel has rejected  Arm's bid for its chip division, stating emphatically that the unit is...

Learn From Leaders

Dileep Jain CEO, Rajguru Electronics

Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?

0
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY’s Yashasvini Razdan...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
Tanvir Singh, Co-Founder of Mooving

“Battery And Vehicle OEMs Will Be Partners On One Side, Competitors On The Other”...

0
With what is being touted as the ‘Shift of the Century’ in the automotive segment, the business models are evolving too! Does that mean...
Alok Das, Co-Founder, Qargos

“Europe’s Going To Be A Big Market For Indian E2Ws” – Alok Das, Co-Founder...

0
Europe is becoming a hub of investments in the automotive industry, with numerous Indian companies joining the fray. The question arises: will Europe follow...
Rahil Gupta, Co-Founder of Hop Electric

“EV Battery Prices Will Drop By 80% In Next Five Years” – Rahil Gupta,...

0
As the global electric vehicle market finds itself in a tough spot, India’s use cases of electric two-wheelers and three-wheelers have come to the...

Startups

Think Raw India’s Solar Solutions for the Agricultural Sector

0
ThinkRaw’s blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture. established in 2016 by...

Starya Mobility: Shifting Gears From Developing Motors Towards Retrofitting

0
Starya Mobility, a Bengaluru-based startup, evolved from developing EV components to retrofitting scooters, is adapting to India’s dynamic electric vehicle market. Starya Mobility, established in...

Dhruv Vidyut’s Retrofit Kit Converts Normal Vehicle Into EV

0
Innovation begins with simple ideas. Curious how a basic bicycle can become an electric vehicle? Dhruv Vidyut’s retrofit kit is quietly leading this transformation. The...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
InCore Co-founders (L to R): Arjun Menon (Chief Engineer), G.S. Madhusudan (CEO), Neel Gala (CTO), and Gautam Doshi (Chief Architect)

InCore Unveils Six-Core RISC-V Test Chip To Accelerate Design Adoption

0
InCore Semiconductors has introduced a six-core RISC-V test chip that utilises the company’s proprietary generator technology to build its flexible architecture, allowing for the...