UK-based e-drive system supplier, which is bullish on huge potential for its localised products in India, aims to also tap into burgeoning demand for EV drivetrains across the two-, three- and four-wheeler segments in ASEAN, European and African markets.
Even as the past six-odd months have seen a spate of technology MoUs, mergers and acquisitions between global EV component makers and Indian suppliers, the one between the UK-based Saietta Group and Gurugram-based Padmini VNA Mechatronics, inked in October 2022, is with a difference. While most of the other players will focus on making products for the Indian EV market, the Saietta-VNA joint venture is also exploring manufacturing EV components for exports.
On March 20, Saietta signed a master supply agreement with India’s AVTEC – a CK Birla Group company – to manufacture and supply Saietta’s e-drive system, which has been designed for light-duty electric vehicles, including two-, three- and four-wheeler applications.
Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications. Propel is part of the Saietta Group, and develops electric marine propulsion solutions from its Amsterdam office based on Saietta technology such as its Axial Flux Technology motors.