India s Omega Seiki to make electric vehicles in Bangladesh
Indian electric vehicle maker Omega Seiki has announced plans to set up a plant in neighbouring Bangladesh. The set up would be known as OSM-Bangladesh_ the company_ which is a part of the Anglian Omega Group_ said in a statement_ reports PTI.
Omega Seiki_ which now has two plants at Faridabad and Manesar in the state of Haryana_ said it would invest 100 crore rupees (apprx. $13.78 million) in a factory near Dhaka_ according to the report.
Omega Seiki Mobility Chairman Uday Narang said_ "We trust that our vehicles will cater to an impressive response in the neighbouring country. Bangladesh at present does not have an EV [electric vehicle] policy but it may change fast."
The vehicles manufactured in Bangladesh will be sold under the OSM brand through local partners and franchises_ mentioned in the statement.
"With electrification happening fast in automotive markets globally_ we see it is time for the Bangladesh market to change as well. The transition in 2 and 3 wheelers will be fast as they contribute to the pollution and traffic chaos." Omega Seiki Managing Director Deb Mukherji said.
The company s vehicles will be powered by Li-ion batteries and with powertrains which would be built in Bangladesh_ with technology transfer from India_ he added.
"In due course_ we are looking at full localization in Bangladesh. We would also be looking to export from Bangladesh to global locations e.g. ASEAN_ Africa_ etc. Bangladesh has a zero-tax policy for exports to 39 countries. This includes India as well and we are looking at selling in the northeast from there_" Mukherji said.
.png "Advertisement")
