Latest news with #OSMRage+
Time of India
6 days ago
- Automotive
- Time of India
Omega Seiki to invest $25 million in first overseas EV assembly plant in Dubai
Omega Seiki Mobility (OSM), an Indian electric vehicle maker, on Wednesday said it will set up its first overseas EV assembly facility at Jebel Ali Free Zone (Jafza), Dubai, with an investment of $25 million over the next five years. The 42,000 sq ft plant, Jafza's first EV assembly unit, will start operations by end-2025, producing OSM's electric two- and three-wheelers, and managing storage and distribution of components. The project is expected to create over 100 jobs in its first phase and serve export markets across the Middle East and Africa. OSM Founder and Chairman Uday Narang said the location offered 'unmatched connectivity to more than 2 billion consumers' and would enable speed, scale, and sustainability for the company's clean mobility solutions. While EVs remain the immediate focus, OSM also plans to launch CNG-powered models in select African markets as a transitional clean-fuel option. The product line includes the OSM Rage+ cargo and OSM Stream passenger three-wheelers, with ranges up to 270 km, fast charging, battery swapping, and IoT-enabled fleet tracking. Abdulla Al Hashmi, Chief Operating Officer, DP World GCC , noted that with the MENA EV market projected to reach $14.5 billion by 2029, the facility underscores Dubai's role as a hub for the automotive sector.
News18
6 days ago
- Automotive
- News18
OSM to invest USD 25 mn in EV assembly plant in Jafza over 5 yrs
Mumbai, Aug 13 (PTI) Electric vehicle (EV) maker Omega Seiki Mobility (OSM) will invest USD 25 million (AED 92 million) over the next five years in its international EV assembly plant in Jafza (Dubai), which was launched on Wednesday, the company has said. Spanning over 42,000 sq ft, the first Jafza plant will assemble the company's range of electric two-and three-wheelers as well as handle storage and distribution of auto components and spare parts, OSM said. The facility is expected to commence assembly by the end of 2025, it stated. Strategically positioned to serve export markets across the Middle East and Africa, the plant will create over 100 jobs in its initial phase and strengthen UAE-India trade in clean technology, the company said. 'Jafza gives us unmatched connectivity to more than 2 billion consumers and a business environment that enables speed, scale and sustainability. Through Dubai, we aim to make clean mobility accessible and commercially viable for partners across the Middle East and Africa," said Uday Narang, Founder and Chairman of Omega Seiki Mobility. The company said while its immediate focus is on electric vehicles, it also plans to introduce CNG-powered models for select African markets, recognising that in many regions CNG offers a practical clean-fuel bridge until EV infrastructure matures. 'More manufacturers are turning to Jafza to tap high-growth markets across the Middle East, Africa and beyond. With the MENA EV market projected to reach USD 14.5 billion by 2029… this facility brings innovative mobility solutions closer to the region and underlines Dubai's role as a global hub for the automotive sector," said Abdulla Al Hashmi, COO, Parks and Zones, DP World GCC. OSM's product portfolio includes the three-wheeler cargo OSM Rage+ and three-wheeler passenger OSM Stream, offering a range of up to 270 km, fast-charging and battery-swapping capabilities, as well as IoT technology that allows real-time tracking and fleet optimisation. PTI IAS TRB view comments First Published: August 13, 2025, 17:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
6 days ago
- Automotive
- Business Standard
OSM to invest $25 million in EV assembly plant in Jafza over 5 years
Spanning over 42,000 sq ft, first Jafza plant will assemble company's range of electric two-and three-wheelers as well as handle storage and distribution of auto components and spare parts, OSM said Press Trust of India Mumbai Electric vehicle (EV) maker Omega Seiki Mobility (OSM) will invest $25 million (AED 92 million) over the next five years in its international EV assembly plant in Jafza (Dubai), which was launched on Wednesday, the company has said. Spanning over 42,000 sq ft, the first Jafza plant will assemble the company's range of electric two-and three-wheelers as well as handle storage and distribution of auto components and spare parts, OSM said. The facility is expected to commence assembly by the end of 2025, it stated. Strategically positioned to serve export markets across the Middle East and Africa, the plant will create over 100 jobs in its initial phase and strengthen UAE-India trade in clean technology, the company said. "Jafza gives us unmatched connectivity to more than 2 billion consumers and a business environment that enables speed, scale and sustainability. Through Dubai, we aim to make clean mobility accessible and commercially viable for partners across the Middle East and Africa," said Uday Narang, Founder and Chairman of Omega Seiki Mobility. The company said while its immediate focus is on electric vehicles, it also plans to introduce CNG-powered models for select African markets, recognising that in many regions CNG offers a practical clean-fuel bridge until EV infrastructure matures. "More manufacturers are turning to Jafza to tap high-growth markets across the Middle East, Africa and beyond. With the MENA EV market projected to reach $14.5 billion by 2029... this facility brings innovative mobility solutions closer to the region and underlines Dubai's role as a global hub for the automotive sector," said Abdulla Al Hashmi, COO, Parks and Zones, DP World GCC. OSM's product portfolio includes the three-wheeler cargo OSM Rage+ and three-wheeler passenger OSM Stream, offering a range of up to 270 km, fast-charging and battery-swapping capabilities, as well as IoT technology that allows real-time tracking and fleet optimisation.
