[KOREAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important KOREAN economic news to share with you which is as mentioned
below.

GURUGRAM: On Wednesday, MT Autocraft, the parent company of the MTA E-Mobility (MTA
EV) inked a joint venture with Korean technology firm EMTC to manufacture automatic
powertrain for electric two-wheeler and three-wheeler.

This follows the Indian auto component maker’s recent diversification into electric mobility
with an investment of Rs 100 crore in MTA EV. The joint venture is a major step towards
beefing the local EV manufacturing ecosystem.

Vivek Jakhmola, Co-Founder MTA EV, said “We shall invest close to Rs 60 crore for setting
tooling and plant machines in the first 12 months. Post this we shall plan for the next round
of investment for expand capacities based on market response.”

The joint venture will indigenise and manufacture the Korean partner’s next generation
multi-speed automatic EV Powertrains for two-wheelers & three-wheelers at MTA EV’s
newly started manufacturing facility at Palwal in the national capital region.





Read more at:
https://economictimes.indiatimes.com/small-biz/sme-sector/mt-autocraft-inks-joint-venture-with-korean-emtc-to-manufacture-ev-powertrain/articleshow/95571891.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


KAMA GROUP
New Delhi
Have a nice day