Shriram Pistons to enter EV parts industry, acquire stake in e-motor specialist EMFI

Singapore-based EMF Innovations designs and manufactures BLDC hub and inner rotor motors, and motor controllers; Shriram Pistons aims to cater to all segments in the EV industry.

Autocar Pro News Desk By Autocar Pro News Desk calendar 16 Dec 2022 Views icon7986 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Shriram Pistons & Rings has announced plans to acquire majority stake in EMF Innovations, a Singapore-based electric motor design and manufacturing company through its wholly owned subsidiary, SPR Engenious. This will mark Shriram Pistons & Rings’ foray into the EV Mobility space. 

As per the company statement, EMFI is a technology company co-founded by engineering entrepreneurs with substantial R&D and operations in India and Singapore, providing localised cost-effective e-mobility solutions to customers in India and overseas. EMFI leverages its strength in power electronics, motor research base and extensive semi-automated manufacturing eco-system to deliver reliable EV motors and controllers.

Commenting on the proposed investment, Krishnakumar Srinivasan, MD and CEO of Shriram Pistons & Rings said that with this strategic investment, SPRL aims to supply electric powertrain components such as motors and controllers covering all vehicle segments – two- and three-wheelers, passenger vehicles, commercial vehicles and buses.

The alliance also offers potential for SPRL (through SEL) and EMFI to collaborate and partner to cater to customers globally.

The acquisition will enable SPRL to diversify EMFI’s product portfolio by leveraging its technological and production capabilities and SPR’s marketing, sales and service strengths in India. The overall goal is to gain leadership in the country’s rapidly growing e-vehicles market while delivering high-quality customised e-mobility solutions speedily.

EMFI has been in this market for over 4 years now and have designed & developed products to meet the local demands and to ensure cost competitive solutions. 

 

RELATED ARTICLES
BharatBenz displays new high-performance construction and mining trucks at Bauma 2023

auther Autocar Pro News Desk calendar31 Jan 2023

The 3532CM and 2832CM mining tipper and 5532 Tip Trailer get a more powerful 320hp BS VI diesel powertrain, providing hi...

Hindustan Zinc deploys heavy-duty EV for underground mining operations

auther Autocar Pro News Desk calendar31 Jan 2023

Hindustan Zinc deploys Normet's SmartDrive EV heavy-duty EV for its underground mining operations. The Vedanta Group com...

Mahindra XUV400 gets over 10,000 bookings in four days

auther Autocar Pro News Desk calendar31 Jan 2023

Waiting period on the all-electric SUV stretches up to 7 months; M&M aims to deliver 20,000 units within the first year ...