Terra Motors, FCC Corp partners to develop EVs, auto components in India
Japanese electric vehicle manufacturer Terra Motors Corporation has announced that it has joined hands with FCC Corporation to join forces on the development of futuristic electric vehicles for global markets while utilizing Indian operations as the base for the activity. Japan-based FCC is a global market leader in motorcycle clutches, with 22 production facilities spread across numerous countries.
"In building a business foundation in Asia, we will provide two customer values: EV bodies that are more economical than gasoline vehicles and brand value that evokes a new lifestyle.
"To this end, we aim to increase new business value through co-creation with services and businesses, such as the advancement of vehicle technology, the improvement of convenience through innovative Internet of Things (IoT), and shared mobility," Terra Motors India CEO Akihiro Ueda said in a declaration.
The company is targeting to increase new business value through co-creation with services and businesses, such as shared mobility, he added.
For Terra Motors R&D is the topmost priority specifically for emerging markets like India where it has a stronghold in the three-wheeler (3Ws) EVs, the company stated.
With the government aggressively implementing actions to expand the use of EVs to address social issues such as air pollution as well as to encourage economic growth, the light-mobility market is experiencing rapid EV expansion.
The partnership with FCC comes in the light of Terra Motors' active work towards building the foundation for a sustainable mobility industry globally.
Branded as "Terra Motors Next" - the focus of the brand is to build an ecosystem for e-mobility in India and globally for the greater good of society.
Mentioning on the tie-up, FCC President Yoshitaka Saito said both the companies can contribute by merging their individual strengths.
The partners would look at the development of an electric power unit appropriate for the market to fast-track the commercialization of light mobility options and to respond to the future shift to EVs in the Asian region, he added.