MT Autocraft, the parent company of the MTA E-Mobility (MTA EV), has inked a joint venture (JV) with Korean technology major EMTC to manufacture automatic powertrains for electric two-wheelers and three-wheelers.
The joint venture will indigenise and manufacture the Korean partner’s next-generation multi-speed automatic EV Powertrains for 2W & 3W at MTA EV’s newly commissioned manufacturing facility at Palwal in the national capital region.
Vivek Jakhmola, Co-Founder, MTA EV, claimed, “We will be the first to manufacture and introduce such a multi-speed powertrain for electric vehicles in India. This technology will enhance the efficiency (range) by at least 20%.”
This follows the Indian auto component maker’s recent diversification into electric mobility with an investment of INR 100 crore in MTA EV. An investment of INR 60 crore will be ploughed in for tooling and plant machinery in the first 12 months.
30,000 Electric Bikes
The company will manufacture four types of transmissions in India. As a buy-back arrangement, the JV will service export orders of EMTC (minus China) for Korean and Philippines markets.
Also on the cards is a contract to supply 30,000 Bikes (as completely knocked-down units) without batteries in FY24. These electric bikes will be manufactured at MTA EV’s state-of-art facility in Palwal.
EMTC claims that the new transmission will enhance the range of the vehicle by 20% by improving the mileage per charge. As per the company, it can augment the top speed by 50%.
Kawang Mo Seo, CEO, EMTC, added, “It is a natural alliance since MTA EV has big plans for EV, and we will support it with our technologies for transmission. We have also contracted our import requirements to JV which will help us get good quality products at optimum cost from India.”
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