Musashi Auto Parts India, a subsidiary of the Japanese company Musashi Seimitsu Industries Co., has begun mass production of e-axles for electric two-wheelers in the local market. The company intends to invest Rs 160 crore in the initial phase of its electric vehicle business, it said on Monday.
This substantial investment is earmarked for setting up new assembly lines for EV transmission components and enhancing the capabilities of existing facilities.
The company entered the EV segment in India in September last year, through a joint venture with Delta Electronics Inc. and Toyota Tsusho Corp. to establish Musashi Delta e-Axle India Pvt.
The company has capacity to produce 10,000 e-Axles per month in phase-1, with plans to ramp up production with additional lines from the third year onwards, it said.
"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, chief executive officer of India and Africa, Musashi.
The company plans to achieve a localisation level of two-thirds of the total cost by the end of this financial year, with a motor assembly line and a drive unit assembly line.
It is also working with BNC Motors to develop products equipped with EV drive units. These units will be used in BNC's upcoming EV two-wheeler that will be equivalent to a 125-cc internal combustion engine scooter.
(With inputs from PTI)
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