ENA Sectors 2023-01-30 07:55:24 <p><span style="font-size:14px"><strong>New Delhi, Jan 30 (KNN)</strong> The New Delhi-based Omega Seiki Mobility Pvt has decided to invest 8 billion rupees in Indias electric vehicle manufacturing sector.</span></p> <p><span style="font-size:14px">As per reports, Omega will build two facilities to manufacture electric vehicle components such as batteries and power trains.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Omegas battery facility in the western state of Maharashtra will have a capacity of 0.5 gigawatt initially and scale up to 2 gigawatt, the company said in statement on Sunday.</span></p> <p><span style="font-size:14px">Its power train plant in Haryana will produce 10,000 units in 2024 and 100,000 by the fourth year, it said.</span></p> <p><span style="font-size:14px">It has tied up with startup iM3NY, which manufactures lithium-ion cells in New York, to produce batteries in the South Asian nation.</span></p> <p><span style="font-size:14px">The company has also entered into a join venture with Jae Sung Tech Korea to make electric vehicle power trains locally, the statement added.</span></p> <p><span style="font-size:14px">The demand for lithium-ion batteries in India is all set to rise from 3 gigawatt-hour currently to 20 gigawatt-hour by 2030.</span></p> <p><span style="font-size:14px">Currently, New Delhi imports 70 per cent of its lithium-ion cell requirement from China and Hong Kong. <em><strong>(KNN Bureau)</strong></em></span></p> 32109 https://knnindia.co.in/news/newsdetails/sectors/omega-seiki-to-set-up-two-ev-components-manufacturing-units-in-india 2023-01-30 07:55:24 knnindia.co.in