Omega Seiki Mobility, an Indian electric vehicle maker, plans to invest 800 crore rupees ($109 million) to establish powertrain and battery plants in Haryana and Maharashtra.
The move is part of Omega Seiki’s effort to fortify its presence in the Indian electric vehicle market and fulfill the rising demand for sustainable transportation.
The company will collaborate with South Korean firm Jae Sung Tech to manufacture 7kW to 34kW powertrains for its electric vehicles, and with US firm iM3NY to produce lithium-ion BM-LMP batteries.
The plants are expected to begin operations in two years and aim to produce over 50,000 powertrains and 100,000 batteries annually.
The initiative will not only help Omega Seiki meet the demand for EVs but also create job opportunities in India.