Musashi India begins mass production of e-Axles for EV two-wheelers
The company said it plans to invest a total of Rs 160 crore in its EV business in phase I. This significant investment will be used to establish new assembly lines for EV transmission components and upgrade existing facilities.
![Musashi India begins mass production of e-Axles for EV two-wheelers](https://cdn.zeebiz.com/sites/default/files/2024/06/24/301166-ev-2-wheeler.jpg?im=FitAndFill=(1200,900))
Musashi said it 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. Image source- Pixabay