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A subsidiary of MM Forgings Ltd. is setting up a brownfield plant in Oragadam to produce 60,000 EV prototype motors per annum. The initial investment is approximately INR 80 crore, with commercial production expected to start in September 2023.
“We received quite a few orders for Permanent Magnet Synchronous Motors (PMSMs).”autoevtimes.com
Summarized from public sources; check the original articles before acting on it.