Christened as “Terra Motors Next” – the focus of the brand is to build an ecosystem for e-mobility in India and globally for greater good of the society
Electric vehicle company Terra Motors Corporation is partnering with auto component maker FCC Corporation to develop futuristic EVs in India for the global market.
The two Japanese companies will be ‘utilising Terra Motors’ Indian operations as the base’ to grab a spot in the global market. In a release, Terra Motors said, “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.
The company is also aiming to increase new business value through co-creation with services and businesses, such as shared mobility.
Terra Motors India CEO Akihiro Ueda said, “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.”
The collaboration with FCC comes in the light of Terra Motors’ active work towards building the foundation for a sustainable mobility industry globally.
Christened 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.
FCC President Yoshitaka Saito said both companies can contribute by combining their individual strengths. The partners would look at the development of an electric power unit suitable for the market to accelerate the commercialisation of light mobility options and to respond to the future shift to EVs in the Asian region, he added.
The company stated that R&D is its topmost priority, especially for emerging markets like India where it has a stronghold in the three-wheeler (3Ws) EVs.
With the government aggressively implementing measures to expand the use of EVs to address social issues such as air pollution as well as to promote economic growth, the light-mobility market is experiencing rapid EV expansion.