Musashi India, a wholly owned subsidiary of Musashi Seimitsu Industries, Japan and a manufacturer of two-wheeler and four-wheeler transmission components in India, has announced its foray in the E-mobility space in the Indian market.
The company will manufacture the E-axle at its Bengaluru plant starting October 2023. Musashi will spend INR 70 crore in phase-1 to set up an assembly line for the product at its existing manufacturing facility in Bengaluru.
It has established a strategic collaboration with Bharat New-Energy Company (BNC) Motors in India. The company has already signed a MoU with Strom in Thailand, EV Go in Vietnam, and Arc Ride in Kenya, and will supply them E-axle manufactured in India.
Toshihisa Otsuka, CEO, India & Africa Region, Musashi Seimitsu said, “Our focus is to provide state-of-the-art components that are essential for the growth and success of electric vehicles. We are confident that our commitment to quality and innovation will contribute significantly to the sustainable development of the Indian automotive industry.”
“With its new venture into electric mobility, Musashi India aims to be at the forefront of the electric revolution in India and become a trusted partner for automakers, driving the transition towards a cleaner and more sustainable transportation ecosystem”, added Otsuka.