Musashi, Delta Electronics and Toyota Tsusho form JV for EV drive units in India

Musashi Auto Parts India, Delta Electronics and Toyota Tsusho formed a joint venture, Musashi Delta e-Axle India Private Limited, to develop and sell EV drive units for two-wheelers in India. The JV will establish motor and drive unit assembly factories within Musashi's Bangalore plant, targeting over two-thirds localization by September 2024.

“Musashi holds a 51% investment share in this JV, followed by 34% by Delta and 15% by Toyota Tsusho.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comMusashi forms JV with Delta Electronics and Toyota Tsusho - Times of IndiaNandini Sen GuptaSep 27, 2023

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