Omega Saiki Mobility will manufacture all its three wheeler range which includes Rage, Rage Rapid EV, Rage Frost, Rage Swap and Rage Tipper at this plant. The company said on Friday that it is also looking to raise capital through equity and debt for the construction of the plant. In this plant, the company will also manufacture battery packs along with spare parts for its electric vehicles.
The company said in a statement, “On the occasion of World Earth Day, we are proud and excited to announce the new plant. The company is setting up the world’s largest three-wheeler manufacturing plant in Bengaluru with an investment of US$250 million.
Uday Narang, Founder, Omega Saiki said, “The organized electric three-wheeler industry grew at a rapid rate of 200 per cent in the last financial year. This has taken the share of electric three-wheelers to over 46 per cent of the overall three wheeler industry. The company is currently working on completing the delivery of 50,000 electric three-wheelers.”
Narang says that he is keeping in mind the goal of making Omega Saiki Mobility the largest three-wheeler company not only in India but in the world. He said that with a production capacity of 10 lakh units, this plant would be helpful in meeting our targets.
Let us inform that with the rising prices of petrol, diesel and CNG in the country, electric vehicles are becoming increasingly popular in the three-wheeler segment as well. Electric three-wheelers are not only less expensive to run, but their maintenance costs are also very low. Delivery and fleet companies are now preferring to buy electric three-wheelers instead of conventional three-wheelers. E-commerce companies are also now using electric three-wheeler cargo on a large scale for home delivery of goods.
Omega has also launched the ‘Instacharge App’ with its electric three-wheeler which provides real-time information on the charging stations of Omega Saiki. Omega Saiki users can find the nearest charging station information on the map through the app.