Musashi India starts producing e-axles for electric bicycles in large quantities
Musashi Auto Parts India, a fully-owned subsidiary of Musashi Seimitsu Industries, a Japanese company, announced on Monday that it has begun producing e-Axles for electric two-wheelers in large quantities for the local market. Phase I of the company’s EV business is expected to receive a total of Rs 160 crore in investments. With this large investment, new assembly lines for EV transmission components will be set up, and the facilities that are already in place will be upgraded.
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The business established Musashi Delta e-Axle India Private Limited in September of last year as a joint venture (JV) with Delta Electronics, Inc. and Toyota Tsusho Corporation to enter the EV market in India.
The company added that it has set up a capacity to create 10,000 e-Axles each month in phase 1, and that starting in the third year, it intends to ramp up production with additional lines.
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“With the rapid growth of EV two-wheelers in India, the need to build a local and robust ecosystem of EV components is imperative,”
said Naoya Nishimura (CEO India & Africa Region).
By the conclusion of current fiscal year, Musashi expects to have two-thirds of the total cost localized, including a motor assembly line and a drive unit assembly line.
Additionally, it is collaborating with BNC Motors to create goods that have EV drive units. The planned EV two-wheeler from BNC, which will be comparable to a 125cc ICE scooter, will use these units.
About Musashi India
Musashi India is a wholly-owned subsidiary of Musashi Seimitsu Industries, specializing in the production of transmission components for both two-wheelers and four-wheelers powered by internal combustion engines. Recently, they’ve entered the electric vehicle (EV) market in India. Leveraging their design and engineering expertise, Musashi India aims to manufacture an EV unit comprising a motor, power control unit (PCU), and gearbox.