Terra Motors Corporation, which is a Japanese electric vehicle maker, said it has joined hands with FCC Corporation to collaborate on the development of futuristic electric vehicles for global markets while utilising Indian operations as the base for the activity. On the other hand, Japan-based FCC is a global market leader in motorcycle clutches, with 22 production facilities spread across various countries.
Tokyo-headquartered Terra Motors is the leader in electric two and three-wheelers in Japan. It also has presence in various Southeast Asian countries like Vietnam and the Philippines.
For Terra Motors R&D is topmost priority especially for emerging markets like India where it has a stronghold in the three-wheeler (3Ws) EVs, the company stated.
The Indian government is aggressively implementing measures to expand the use of EVs to address social issues such as air pollution as well as to promote economic growth. Hence, the light-mobility market is experiencing rapid EV expansion.
Terra Motors India CEO Akihiro Ueda said in a statement – “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. 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.”
Meanwhile FCC President Yoshitaka Saito commented that both the companies can contribute by combining their individual strengths.