Salzer Electronics, EMarch to create JV for electric conversion kits

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Salzer Electronics said that it will create a joint venture (JV) with EMarch LLP, an Indo-Austrian technology company, for manufacturing electric conversion kits for vehicles.

In this connection, Salzer Electronics will establish a fully-owned subsidiary called Salzer EV Infra. The subsidiary will set up a joint venture called Salzer EMarch E Mobility with EMarch, which has expertise in electric conversion kits and power electronics.

Salzer EMarch E Mobility will be focused on manufacturing electric conversion kits for auto-rickshaws, buses, and cars. Besides, the joint venture will manufacture novel electric driven utility vehicles.

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Salzer Electronics will have a 26% stake in the joint venture, while EMarch will have a 22.5% stake. The remaining stake will be owned by other private investors.

The total investment in Salzer EMarch E Mobility will be INR 6 crores, said Salzer Electronics.

Salzer Electronics, EMarch to create JV for electric conversion kits

Salzer Electronics, EMarch to create JV for electric conversion kits. Photo courtesy of Salzer Electronics Limited.

Rajesh Doraiswamy – Joint Managing Director of Salzer Electronics said: “Through this JV, Salzer EMarch E Mobility Pvt. Ltd., we would bring affordable electric conversion kits for Auto Rickshaws to the market in the first phase. Going forward, e-Conversion kits will also be produced for Cars & Buses.

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“Our manufacturing capabilities would be well complemented by the expertise and technical know-how from the E-March team, to deliver international standard conversion kits for electric auto-rickshaws, cars and buses.”

Earlier this month, Salzer Electronics announced a joint venture called Salzer Kostad EV Chargers with Austria-based Kostad Steuerungsbau for manufacturing DC fast charging stations for electric vehicles. E-March is also a part of the joint venture with a stake of 6%.

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