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Sharda Motor Industries Forms JV With Kinetic Green Energy & Power Solutions

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  • They said that the JV will undertake design, development and assembly of lithium-ion battery packs along with BMS
  • The company has inked a technical collaboration with the Indian Institute of Technology, Madras, for the same
partnership
Pic Source – Wallpaper Flare

Sharda Motor Industries (SMIL), an automotive component manufacturing groups in India, and Kinetic Green Energy & Power Solutions, a Kinetic Group company, have entered a joint venture (JV) agreement to develop battery packs with battery management systems (BMS) for electric vehicles and stationery applications. They said that the JV will undertake design, development and assembly of lithium-ion battery packs along with BMS.

The company has inked a technical collaboration with the Indian Institute of Technology, Madras, for the same. The focus of the company will be to develop battery packs for the rapidly growing electric vehicle market in India and other segments of energy storage applications.

Advanced thermal design to overcome adverse temperatures in India

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Under the technical collaboration agreement, the centre for battery engineering and electric vehicle (CBEEV), the research and development centre of IIT Madras, will provide technology for Li-ion battery energy storage for electric two-wheelers, three-wheelers and other small electric vehicles to the JV.

The technology developed at IIT Madras includes advanced thermal design to overcome adverse temperatures in India, mechanical designs to overcome vibrations due to varying road conditions, as well as battery management system designed by CBEEV IITM keeping in mind Indian road conditions.

The JV, where Sharda Motor will hold majority of the equity, will set up a state-of-the-art manufacturing facility in Pune, Maharashtr. It is expected to be operational by Q3 of FY 22.

The JV is the first major step for Sharda Motor’s foray into EV component manufacturing. The EV segment is expected to be a significant driver of growth in the next few years.

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