Terra Motors Corporation, a Japanese electric vehicle maker, has partnered with FCC Corporation to collaborate on developing futuristic electric vehicles for global markets while utilising Indian operations as the base for the activity. Akihiro Ueda, Terra Motors India CEO, told the media that the company aims to increase new business value through co-creation with services and businesses, such as the advancement of vehicle technology, the improvement of convenience through innovative Internet of Things (IoT), and shared mobility. Ueda said that the company's objective is to increase new business value through co-creation with services and businesses, such as shared mobility. For Terra Motors, especially for emerging markets like India, where it has a stronghold in the three-wheeler (3Ws) EVs, R & R&D is the topmost priority. The light-mobility market is experiencing rapid EV expansion, with the government aggressively executing measures to expand the use of EVs to address social issues such as air pollution and promote economic growth. Yoshitaka Saito, FCC President, told the media that both companies could contribute by combining their individual strengths. He also said that the partners would look at developing an electric power unit suitable for the market to accelerate the commercialisation of light mobility options and respond to the future shift to EVs in the Asian region. Terra Motors, headquartered in Tokyo, is the leader in electric two and three-wheelers in Japan. It also has a presence in several Southeast Asian countries like the Philippines and Vietnam. Image Source Also read: Goa to offer subsidies on 11,000 EVs for next 5 years Also read: Tata Motors to roll out 10 battery electric vehicles by 2025