For expansion of its product portfolio in 2-wheeler EV segment
Fiem Industries has signed a Memorandum of Understanding (MoU) with Gogoro India (A group company of Gogoro Taiwan) to expand its product portfolio in 2-Wheeler Electric Vehicles (EV) segment.In addition to Lighting & Rear View Mirror business, Fiem Industries will manufacture Hub Motor Assembly, Electric Control Unit (ECU) and Motor Control Unit (MCU) for Gogoro.
In terms of MoU, Gogoro will provide the technical know-how and other support in setting-up manufacturing facility as well as production, quality and testing support for above new product line.
Fiem Industries is seeing a huge business potential in 2-Wheeler EV segment and looking to expand its product portfolio to cater this segment in addition to Automotive Lighting and Rear View Mirrors etc.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app