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The Economic Times

Business

Musashi India, Bhago Mobility sign LOI for e-axles for electric 3-wheeler

Mumbai: Japanese firm Musashi Seimitsu's wholly-owned subsidiary Musashi Auto Parts India on Tuesday said it has signed a Letter of Intent (LOI) with Bhago Mobility Solutions to supply electric powertrain systems for the fixed-battery variant of its upcoming three-wheeler passenger vehicle platform Bhago Bhim.

Under the partnership, Musashi will supply three-wheeler e-axles for the fixed-battery variant, with production planned to commence next year. Manufacturing will be supported by Musashi's Bengaluru plant, it said.

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