Japanese electric vehicle manufacturer Terra Motors Corporation said Tuesday that it has teamed up with the FCC Corporation to collaborate on the development of futuristic electric vehicles for markets around the world, based on operations in India.
Japan’s FCC is a world leader in the motorcycle clutch market, with 22 production facilities spread across different countries.
“When building an Asian business foundation, we will provide two customer values: EV bodies that are more economical than gasoline vehicles and brand value that lead to a new way of life.
“To this end, we aim to increase the new value of the business through creation with services and businesses such as the advancement of vehicle technology, improving comfort through the innovative Internet of Things (IoT) and shared mobility,” Terra Motors India CEO Akihiro Ueda said in a statement.
The company aims to increase new business value through services and businesses, such as shared mobility, he added.
R&D is a top priority for Terra Motors, especially in emerging markets like India, which has a stronghold in three-wheeled (3W) EVs, the company said.
With the government aggressively implementing measures to expand the use of electric vehicles, to address social issues such as air pollution as well as to promote economic growth, the market for light mobility is rapidly expanding EV.
The partnership with the FCC comes in the light of Terra Motors ’active work to build the foundations for a sustainable mobility industry worldwide.
Named “Terra Motors Next” – the brand’s focus is on building an ecosystem for electronic mobility in India and around the world for the benefit of society.
Commenting on the tie, FCC President Yoshitaka Saito said the two companies can help by combining their strengths.
The partners would consider developing a market-appropriate electric power unit to accelerate the commercialization of light mobility options and respond to future change for electric vehicles in the Asian region.
Tokyo-based Terra Motors is a leader in Japanese two- and three-wheel electrics. It is also present in several countries in Southeast Asia in Vietnam and the Philippines.