Mitsui, TECO to set up plant for EV motors in India

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Mitsui, TECO to set up plant for EV motors in India

Teco Electric and Machinery Co, is one of Taiwan’s leading suppliers of electric motors, is expected to start mass production of power systems for electric vehicles in India in January next year, Teco president George Lien said in a company statement on Tuesday.

The company’s Indian plant would complete its electric vehicle power system production line by the end of this year in a nearly US$20 million joint venture with Japan’s Mitsui and Co, Lien told the media at the Smart City Summit and Expo at Taipei Nangang Exhibition Center’s Hall 2.

Teco would equip a power system production line at its plant in Taoyuan, based on which its planned production line at the Indian plant would be installed in May, Lien said.

The production line at the Taoyuan plant would be accessible to members of the MIH Open Platform Alliance — which was initiated by Hon Hai Precision Industry Co (鴻海精密) — to provide assistance to other local automakers and boost electric vehicle development in Taiwan, he said.

Teco is a Taiwanese company which was established on 12 June 1956, starting out as an industrial motor manufacturer. Over the years, it has successfully diversified into a conglomerate with worldwide business operations. Now it is the third biggest medium-voltage motor producer in the world, with around 8% market share and also ranked number 5 in global low-voltage A/C motor market, representing 4% of the world. The Company also engages in the manufacture, installation, wholesale, retail of various types of electrical and mechanical equipment, telecommunication equipment and home appliances

Japan’s Mitsui & Co said that it is planning to invest USD 14 million to set up a manufacturing facility for electric vehicle (EV) motors in India in partnership with Taiwanese motor manufacturer TECO Electric & Machinery Co.The Mitsui-TECO joint venture (JV) will establish a TEMICO India, with a plant in Bengaluru which will produce traction motor for electric vehicles.

The investment on the plant is being made by a joint venture (JV), TEMICO, set up in April 2018 by Mitsui and TECO to pursue the development, manufacturing, and sales of EV motors and EV powertrains globally. This would be Mitsui’s second major EV venture in India following its investment in SmartE a three-wheeler electric mobility service, in July.

Teco has focused heavily on manufacturing electric buses at home,manufacturing and Servicing Sophisticated Value-Added Electrification Solutions. TECO’s Electrification Products Group focuses on bringing you the latest technologies for motors, drives, gears as well as engineered system solutions to meet your demanding requirements regardless of the industry, application and the environment.

TECO supports through its global production & design centers, IIOT research labs, and world-class testing centers. Furthermore with the synergies gained under Westinghouse Electric and Motovario, TECO brings renowned experience, expertise, and quality in all of its works manufacturing products suitable under the international standards of CNS, IEC, NEMA, GB, JIS, CE, UL, and others certified by multinational laboratories.