Om Namo Bhagavate Vasudevaya mantra is recited in order to get salvation by gaining freedom from the cycle of birth and death. The literal meaning of Om Namo Bhagavate Vasudevaya is Om, I bow to Lord Vasudeva.
Om - Sacred sound
Namo - Salutation
Bhagavate - Refer to the divine power
Vasudevaya - Refer to Shri Krishna or Vasudev who is formless God
Om - Sacred sound
Namo - Salutation
Bhagavate - Refer to the divine power
Vasudevaya - Refer to Shri Krishna or Vasudev who is formless God