7/14/22, 11:53 AM electric vehicles: Badve Engineering ties up with Israeli firm for making motors for EVs

for making motors for EVs - The Economic Times

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Business News › Industry › Auto › Auto Components › Badve Engineering ties up with Israeli firm for making motors for EVs

Badve Engineering ties up with Israeli firm for

making motors for EVs
PTI Last Updated: May 14, 2022, 01:06 PM IST
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Synopsis

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Badve Engineering Group said it has already initiated the joint development and

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localisation process at one of its facilities in Pune for manufacturing the EV motors and
is currently developing prototypes to cater to the Original Equipment Manufacturers

Bajaj
(OEMs) in the country.

Automotive parts maker Badve

Getty Images

Finance
Engineering Ltd on Friday said it is
forging a strategic commercial
agreement with Israeli startup EVR

Fixed
Motors to jointly manufacture the
latter's Trapezoidal Stator - RFPM
electric motors in the country for

(Representative image)
electric vehicles. In the three-wheeler
segment, the collaboration will address
both commercial and passenger vehicles markets (L3 and L5 categories), which
Deposit
are poised for strong growth in India in the coming years, the company said in
Bajaj Finance
a release.

Badve Engineering Group said it has already initiated the joint development
and localisation process at one of its facilities in Pune for manufacturing the
EV motors and is currently developing prototypes to cater to the Original Book Now
Equipment Manufacturers (OEMs) in the country.

Popular in Auto
The company plans to ramp up its production to an annual capacity of 5 lakh
units by mid-2023 to meet the rising EV demand, it said. 1. Jaguar Land Rover
commences deliveries of new
Range Rover in India

2. Luxury vehicle sales in India

grew in strong double-digits
in first half of 2022

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7/14/22, 11:53 AM electric vehicles: Badve Engineering ties up with Israeli firm for making motors for EVs - The Economic Times

3. strategy to protect, enhance

market share
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5. Supply chain constraints to
continue affecting auto
Sponsored by sector this year, says
Mercedes-Benz India MD &

CEO

EVR Motors has developed a unique, patented motor topology: The

Trapezoidal Stator Radial Flux Permanent Magnet (TS-RFPM) Motor,
enabling smaller, lighter, lower-cost motors, which can be tailored to user
requirements.

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The motor, which measures half the weight and size of competing electric
motors, provides superior power and torque performance, Badve Engineering
said in a release.

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The electric two- and three-wheeler segments account for around 90 per cent 1. Waiting time for employer-
sponsored green cards rises
of the total electric vehicle market in the country, the company said.

According to estimates, around 60 lakh three-wheelers are sold in India

annually, and about 5 lakh of them are electric three-wheelers, the company
2. PM to launch SGX Nifty trade
at GIFT

said.

"We are excited about our partnership with EVR Motors. The ground-breaking 3. Nothing phone (1) price
leaked ahead of launch;
EVR technology and our proven manufacturing expertise coupled with our brand teases photography
samples
strategic long-term customer relationships will ensure success of this
partnership.
4. Centre allays concerns over

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"This partnership is in line with our core vision of sustainability and net-zero
emissions through green mobility. We are fully confident that these motors
are best suited for adoption in the multi-terrain Indian landscape and will 5. Will ITR filing deadline for
FY 2021-22 be extended?
provide an enthralling experience to Indian riders," said Sumedh Badve, Here's what tax experts have
to say
President for EV division at Badve Engineering.

The strategic partnership with Badve Group offers multiple OEMs access to
EVR's advanced motor technology, tailored for the Indian market and made in
India, said Opher Doron,
ETPrime CEO at EVR
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