Israeli automobile firm sets up unit in India
ECONOMY & POLICY

Israeli automobile firm sets up unit in India

Under its subsidiary I.EVR Motors, EVR Motors, an Israeli inventor with a focus on high power density electric motors, announced the opening of its new greenfield factory in Manesar, Haryana. Being the first Israeli automotive business to establish a manufacturing operation in India, this facility is a major milestone and will be essential to the company's worldwide production strategy.

A patented essential part of EVR's Trapezoidal Stator Radial Flux Permanent Magnet (RFPM) motor technology, trapezoidal geometry coils will be manufactured at the Manesar factory. For EVR's electric motors, which are renowned for being more affordable, lighter, and flexible enough to satisfy a wide range of client demands, these coils are a need.In order to fulfil the growing demand for electric vehicles (EVs) worldwide, the highly automated Manesar factory is originally planned to produce coils for around 20,000 motors each month. However, there are plans to expand to roughly 100,000 motors.

According to Sajal Kishore, the Managing Director of I.EVR Motors, the opening of their new plant in India will be a significant milestone in the company's mission to revolutionize electric mobility with innovative motor technologies. He stated that by establishing this facility, they ensure a reliable supply chain and support their growth plans in India and globally. Kishore further mentioned that this venture exemplifies the business cooperation between India and Israel and embodies their vision of 'Make in India for the world. He added that their greenfield investment highlights their confidence in the Indian market and trust in the country's burgeoning mobility sector.

Under its subsidiary I.EVR Motors, EVR Motors, an Israeli inventor with a focus on high power density electric motors, announced the opening of its new greenfield factory in Manesar, Haryana. Being the first Israeli automotive business to establish a manufacturing operation in India, this facility is a major milestone and will be essential to the company's worldwide production strategy. A patented essential part of EVR's Trapezoidal Stator Radial Flux Permanent Magnet (RFPM) motor technology, trapezoidal geometry coils will be manufactured at the Manesar factory. For EVR's electric motors, which are renowned for being more affordable, lighter, and flexible enough to satisfy a wide range of client demands, these coils are a need.In order to fulfil the growing demand for electric vehicles (EVs) worldwide, the highly automated Manesar factory is originally planned to produce coils for around 20,000 motors each month. However, there are plans to expand to roughly 100,000 motors. According to Sajal Kishore, the Managing Director of I.EVR Motors, the opening of their new plant in India will be a significant milestone in the company's mission to revolutionize electric mobility with innovative motor technologies. He stated that by establishing this facility, they ensure a reliable supply chain and support their growth plans in India and globally. Kishore further mentioned that this venture exemplifies the business cooperation between India and Israel and embodies their vision of 'Make in India for the world. He added that their greenfield investment highlights their confidence in the Indian market and trust in the country's burgeoning mobility sector.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement