Japanese Auto Parts Maker Musashi To Enter Indian Markets

Musashi, a Japanese auto parts maker, has announced its entry into the Indian electric mobility market in collaboration with BNC Motors. The company stated plans to invest Rs 70 crore in the startup's inaugural phase. Musashi India, a wholly owned subsidiary of Musashi Seimitsu Industries, specialises in the manufacture of gearbox components for two and four-wheel drive vehicles driven by internal combustion engines.

Musashi wants to use its design and technical experience to create an electric vehicle (EV) unit consisting of a motor, power control unit (PCU), and gearbox. The production of this e-Axle will begin in October at the company's Bengaluru plant. Musashi will invest Rs 70 crore in the first phase to build an assembly line for the product at its Bengaluru manufacturing site.

Musashi Seimitsu Industries CEO Toshihisa Otsuka underlined the company's commitment to introducing Musashi's sophisticated technology and expertise to the Indian electric transportation market. He emphasised their commitment to delivering critical components that will aid in the growth and success of electric vehicles.

Musashi's entry into the e-mobility sector is made possible through a strategic partnership with Bharat New-Energy Company (BNC) Motors in India. Furthermore, the company has signed preliminary partnerships with Strom in Thailand, EV Go in Vietnam, and Arc Ride in Kenya. These collaborations involve the provision of e-Axles made in India.

Musashi hopes to make a substantial influence on India's expanding electric mobility landscape with this endeavour. The company hopes to contribute to the widespread adoption of electric vehicles in many markets by combining its technical prowess with strategic relationships. Musashi's commitment to establishing a solid manufacturing ecosystem for electric mobility components in India is shown in the Rs 70 crore investment in the first phase.

Musashi is prepared to play a critical role in driving the growth and success of the electric mobility sector in India and other foreign markets as a result of this expansion.