Musashi Seimitsu Industries, a renowned Japanese car component manufacturer, announced its debut into the Indian EV industry today. The company has announced its entry into the E-mobility market through a partnership with Bharat New-Energy (BNC) Motors in India.
Musashi intends to invest Rs 70 crore in Phase 1 to set up an assembly line for the device at its Bengaluru manufacturing site.
Musashi India, a Musashi Seimitsu Industries subsidiary, specialises in the production of gearbox components for ICE-powered two and four-wheelers.
The company will leverage its design and technical expertise to create a new EV unit that will include a motor, PCU, and gearbox. Manufacturing of e-Axles will begin at the Bengaluru factory in October 2023.
“We are bringing Musashi’s expertise and advanced technology to the electric mobility sector in India. Our focus is to provide components that are essential for the growth and success of electric vehicles,” said Toshihisa Otsuka, CEO India and Africa Region, at Musashi Seimitsu Industries.
Additionally, Strom in Thailand, EV Go in Vietnam, and Arc Ride in Kenya all have signed MoUs with the company. The company will provide them with the Indian-made e-Axles as part of this partnership. The company wants to hasten the uptake of electric vehicles in India and other foreign markets by developing electric mobility solutions. The first move taken by the japanese company towards the expansion of the electric mobility market in India is the investment of Rs 70 crore in the first phase.
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