EV maker Omega Seiki Mobility is setting up a retrofit facility to convert internal combustion engine (ICE)-powered vehicles into electric vehicles near Chandigarh at an investment of USD 25 million, which is expected to be operational by the December quarter, the company’s founder and chairman, Uday Narang, has said. Narang also said that as the financing remains a challenge for the EV customers, retrofitting these vehicles within the reach of those customers who want to move to such vehicles from ICE, particularly at a time when petrol and diesel prices are at a much-elevated level.
The Faridabad-based company, which is a part of the Anglian Omega Group, currently manufactures cargo and passenger electric three-wheelers and small commercial vehicles M1KA. Besides, it is in the process of launching an electric two-wheeler as well as trucks in higher range.
