Musashi India to ramp up EV component localisation to 70% by year-end

The company aims to produce 1 million e-axles per year by 2030 to accelerate India's transition to green mobility

Musashi Auto Parts India, a subsidiary of Japanese auto parts giant Musashi Seimitsu Industries, has announced plans to significantly increase localisation for its electric vehicle (EV) components from the current 10 per cent to 60-70 per cent by the end of the financial year. To support this, Musashi India has invested Rs 160 crore for the mass production of EV two-wheeler e-axles at its Bangalore facility.

A total of Rs 60 crore of this investment has been allocated towards setting up the new assembly lines for both motor and driving units. This investment would also be utilised