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Musashi Commences Production Of EV Two Wheeler e-Axles In India

Published on 24 Jun, 2024, 6:17 AM IST
Updated on 24 Jun, 2024, 6:27 AM IST
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Pratik Rakshit
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The e-axles will be manufactured at Musashi India’s production facility in Bengaluru.

Musashi Auto Parts India Pvt Ltd (Musashi), a leading manufacturer of two-wheeler and four-wheeler transmission components in India, announced that it has commenced the mass production of EV two-wheeler e-axles in India. The e-axles will be manufactured at Musashi India’s production facility in Bengaluru and the line-off ceremony was held at its facility on June 5 to celebrate the start of mass production. Musashi has set up the capacity to produce 10,000 e-axles per month in phase 1. This will be ramped up by the addition of additional lines from the third year onwards.

Naoya Nishimura (CEO India & Africa Region), 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. At Musashi, our goal is to contribute to the growth of this ecosystem by combining our legacy and expertise in manufacturing auto components with our R&D capabilities to deliver cutting-edge, high-performance EV drive units to the burgeoning EV industry in India.”

Musashi plans to invest a total of ₹160 crore in its electric vehicle (EV) business in phase I. This significant investment has been allocated to establishing new assembly lines for EV transmission components and upgrading existing facilities. The company forayed into the EV segment in India in September 2023, by announcing a joint venture with Delta Electronics, Inc. and Toyota Tsusho Corporation, to establish Musashi Delta e-Axle India Private Limited.

With a 51 per cent stake in the JV, Musashi set up the facility in Bengaluru to manufacture and sell e-axles for two-wheeler EVs in the Indian, African & ASEAN markets. Musashi plans to achieve a localisation level of 2/3rd of the total cost by the end of this financial year, consisting of a motor assembly line and a drive unit assembly line. Musashi India is also working with BNC Motors to develop products that are equipped with EV drive units. These units will be used in BNC's upcoming EV two-wheeler equivalent to a 125 cc ICE scooter.

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