Musashi India, a subsidiary of Japanese auto parts giant Musashi Seimitsu Industries, plans to secure a 25 per cent market share for transmission components designed for electric two-wheelers by 2028.
“We’re looking for market share not only in India, but also Indonesia, Thailand, and Africa. We already have big factories in Indonesia, Vietnam, and Thailand. So, we will be looking for investments for the assembly line once the customer demand is up to 100,000 units,” said Toshihisa Otsuka, chief executive officer, Asia and Africa region.
