announced a joint venture with EMarch LLP to manufacture electric conversion
kits for auto-rickshaws, cars and buses. It will also manufacture novel utility
EVs. Salzer Electronics Limited would form a wholly-owned subsidiary, Salzer EV
Infra Pvt. Ltd. This new subsidiary will form a JV named Salzer EMarch E
Mobility Pvt Ltd, in association with EMarch LLP.
hold 26% equity in this JV, while EMarch LLP would hold 22.5%. The rest would
be held by other private investors. The total investment in this venture would
be Rs 60 million.
Salzer EMarch E
Mobility will develop affordable international standard electric conversion
kits for auto rickshaws in the first phase. Econversion kits for cars and buses
will be developed later. Salzer's manufacturing capabilities would be combined
with the expertise and technical know-how from E-March.
Doraiswamy, Joint Managing Director, Salzer Electronics Ltd said that
affordable conversion kits for autorickshaws are needed in huge numbers given
the volumes of autos in India. The running cost of an e-converted auto rickshaw will be 1/5th of
that of the conventional auto.
Electronics Limited is a leading player that offers total and customised
electrical solutions. EMarch LLP is an Indo-Austrian technology firm with
abundant resources and knowledge in Electric Conversion Kits & power
Source – Equity Bulls
Image Source: Salzer Website