Salzer Electronics has announced the formation of a new joint venture with EMarch LLC to manufacture electric conversion kits for vehicles. This is Salzer’s second joint venture in the e-mobility space, following one formed with Austrian firm Kolstad.
The latest joint venture will be formed through Salzer’s wholly-owned subsidiary, Salzer EV Infra Pvt Ltd. The joint venture, named “Salzer EMach E-Mobility Pvt Ltd” will be owned by Salzer EV Infra Pvt Ltd (equity stake: 26 per cent) and EMach LLC (22.5 per cent). The remaining will be owned by other private investors, according to a media release by Salzer Electronics.
This JV would be engaged in manufacturing electric conversion kits for auto-rickshaws, cars and buses and also manufacture novel electric driven utility vehicles.
EMarch LLC is an Indo-Austrian technology firm with abundant resource and knowledge in electric conversion kits and power electronics.
The release observed that the global industry for EVs has been on the rise in the recent past. Stringent emission norms and environmental concerns are expediting the adoption of EVs in various nations.
Also read: Salzer Makes Foray In EV Charging Infrastructure, Ties Up With Austrian Company
The Government of India is also propagating the awareness and adoption of EVs, and this is likely to open up huge opportunities for the company, the release added.
Commenting on the new joint venture, Rajesh Doraiswamy, Joint Managing Director, Salzer Electronics Ltd, said, “Through this JV, Salzer EMarch E Mobility Pvt. Ltd., we would bring affordable electric conversion kits for auto rickshaws to the market in the first phase. Going forward, e-conversion kits will also be produced for Cars & Buses. Our manufacturing capabilities would be well complemented by the expertise and technical know-how from the E-March team, to deliver international standard conversion kits for electric auto-rickshaws, cars and buses.
(Featured schematic diagram (source: Salzer Electronics) is for representation only)
