MT Autocraft, the parent company of the MTA E-Mobility (MTA EV) has inked a joint venture (JV) with Korean technology major EMTC (( to manufacture automatic powertrain for electric two-wheeler and three-wheeler, the company announced at an event here.

This follows the Indian auto component maker’s recent diversification into electric mobility with an investment of INR 100 crore in MTA EV.  The JV is a major step towards beefing the local EV manufacturing ecosystem.

Talking about the investment plans, Mr. Vivek Jakhmola, Co-Founder MTA EV, said “We shall invest close to Rs 60 crore for setting tooling and plant machines in the first 12 months. Post this we shall plan for the next round of investment for expand capacities based on market response.”

The joint venture will indigenise and manufacture the Korean partner’s next generation multi-speed automatic EV Powertrains for 2W & 3W at MTA EV’s newly started manufacturing facility at Palwal in the national capital region.

“We will be the first to manufacture and introduce such a multi-speed powertrain for electric vehicles in India. This technology will enhance the efficiency (range) by at least 20%,” Mr. Vivek Jakhmola, Co-Founder, MTA EV said.

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