Omega Seiki Mobility partners Manappuram Finance for inventory management and auto loans

Omega Seiki Mobility, a member of Anglian Omega Group of companies and Manappuram Finance, a non-banking financial institution have inked a MoU to enable and extend finance options for the purchase of Omega Seiki Mobility Rage and Rage+ including through inventory funding and hire purchase for vehicles.

The company says taking into consideration that the government is also investing in the electric vehicle industry and laying out plans for FAME scheme, Omega Seiki Mobility and Manappuram Finance partnership aims to help dealers and NBFCs to manage their funds and drive better sales of electric cargo three-wheelers.

The MoU will also allow dealers to invest and encourage upcoming dealers, to contribute by boosting electric wheeler sales in the country. Omega Seiki Mobility launched Rage and Rage+ during the Auto Expo 2020 event, which primarily caters to the Business to Business(B2B) segment.

Commenting on this partnership with Manappuram Finance, Uday Narang, chairman, Omega Seiki Mobility said, “We manifest felicitation and good spirits to this partnership because we think that dealers network is one of the most respected assets for every company. And in order to do that, we want to extend our hand to help them in all aspects of the business with us. We are delighted to have Manappuram Finance as our partner and we are assured and optimistic that their experience and reputation at the national level will help our dealers to grow their business network, seamlessly. "

The financing alliance with Manappuram Finance and Omega Seiki Mobility is aimed to expand its product sales and business in Tier I and Tier-II cities. Omega Seiki says it will also launch its first electric two-wheeler by Diwali this year and electric pickup trucks within the next three years.