Musashi and Delta will jointly develop the EV drive unit, while Toyota Tsusho will handle the distribution through its global logistics network laid under the terms of the JV.
Under this partnership, Musashi Delta e-Axle India will establish a motor assembly and a drive unit assembly factory within the Musashi Bangalore plant and by September 2024. It will achieve a localisation level of more than 2/3rd of the total cost. The products manufactured will also be exported to the ASEAN and African markets.
Hiroshi Otsuka, President and Group CEO, Musashi Seimitsu Industries, mentioned, “We have the advantage of having the world's top share in transmissions for two-wheeled vehicles, and by leveraging synergies with Delta Electronics and Toyota Tsusho, we are bringing ground-breaking EV adoption to India and the world. We will provide solutions which will support our mission of realising a prosperous global society where people and the environment are in 'harmony'; we will lead the spread of clean electric mobility by supplying high-performance EV drive units.”
Also, this JV will enable quick and flexible research and development that anticipates changes in the market and technology and efficient procurement and sales by leveraging the respective business bases of Musashi, Delta, and Toyota Tsusho.