Indian company to set up electric vehicle plant in Bangladesh
Published : Friday, 26 February, 2021 at 8:24 PM Count : 299
An Indian company--Omega Seiki--will set up an electric vehicle plant in Bangladesh. The manufacturing unit will be set up near Dhaka with an investment of Rs.100 crore, report Indian media.
It is the first project of any Indian company manufacturing electrical vehicles in the international market. The project will be a modern greenfield facility and will focus on manufacturing two-wheelers, three-wheelers, and electric bicycles.
Chairman of the Omega Seiki mobility Uday Narang said Bangladesh does not have a policy on electrical vehicles as yet but it may change fast.
According to a press release issued by the Omega Seiki, the company will focus on coming out with best in class vehicles and quality service experience for the buyers.
The company plans to contribute in reducing traffic jam and pollution with the use of electrical vehicles powered by the Li-Ion batteries and powertrains built in Bangladesh with technology transfer from India.