Omax Autos received an initial order of 20 vehicle assemblies from a truck OEM
Omax Autos Limited, a tier-one supplier of critical assemblies like frame assembly to OEMS in CV segment, has recently entered the complete vehicle assembly. Omax Autos Ltd has already received an initial order of 20 vehicle assemblies from a renowned truck OEM.
Speaking on the occasion, Kishor Karnataki, President & CEO – PC & CV said, “A focussed assembly cell has been created in Bangalore plant. Upon completion of initial batch successfully, Omax will work with the customer to invest for developing, a focussed infrastructure for high volume assembly line.”
The 1200 crore group, is currently having two CV focussed plants in Lucknow, Pantnagar & its Bangalore facility has expanded its CV business with more leading OEMs in south region.
Omax, from its Bangalore facility, rolled out its first truck assembly in March. The company already has presence in 2W, 3W, Off Highway, Passenger Car, Commercial Vehicle & Railways.
Omax started with motorcycle frames and accessories for major OEMS such as HMC, HMSI, TVS, Yamaha. It diversified into CV segment in 2007 by undertaking the complete chassis assembly for Tata Motors heavy commercial vehicles.
Currently Omax is the largest chassis assembly tier 1 manufacturer in India with a peak volume catering to 45,000 vehicles per year. “Our vision was to start making the complete truck assembly at our facility to showcase our engineering strengths & now we have taken a step towards that vision by undertaking the complete suspension, power train transmission & cabin assembly for a renowned global OEM from Bangalore manufacturing facility. We are targeting an annual volume of 10,000 vehicles in 3 years,” said Devashish Mehta, Head Strategy & NBD Omax Autos.
“Even though the CV space has seen a significant dip in volume due to high interest rates and stagnant freight corridor rates, we are confident of an upswing this year and we will encash on this by targeting similar premium assemblies” opined Devashish.
