- Supporting India’s Indigenous EV component ecosystem Mecwin India to set up one of the country’s largest manufacturing facilities in Karnataka.
- The state-of-the-art plant will cater to the growing demand for indigenous mid-drive and hub motors along with controllers from the fast-growing EV OEMs in India.
- Company to invest Rs 50 crore to boost the capacity of the plant to 2000 units per day.
From $1.4 billion in 2021, the Indian electric vehicle market is expected to exceed $15 billion by 2027, projecting annual growth of 47%. With the promising future for EVs in India, one of the immediate challenges is to reduce imports of EV components and promote indigenous manufacturing of core components such as Motors, Controller, Battery Management systems (BMS), Batteries and required Electronics.
In a big boost to the Electric Vehicle (EV) manufacturing ecosystem, Mecwin India, one of the fastest-growing EV startups in the country is going to invest Rs. 50 crores in for setting up one of the largest manufacturing plants for EV motors and controllers in Karnataka.
The manufacturing facility, the country’s first-of-its-kind for indigenous EV motors and controllers, will come up in Bengaluru and will become operational by the end of this year. Armed with futuristic technologies, the facility will have an initial manufacturing capacity of 2,000 units per day and will cater to the high demand for indigenous mid-drive and hub motors from key EV Original Equipment Manufacturers (OEMs) in the country.
“We are thrilled to set up our world-class EV motors and controllers plant in Bengaluru and support the Karnataka government’s vision of making the state a global hub for EV manufacturing. The plant is also a big step towards realizing our aim of building and supporting an indigenous EV component manufacturing ecosystem and empowering EV OEMs,” said Dr. Shiva Kumar HM, Co-founder, and Director, of Mecwin India.
“As demand for electric vehicles takes off in India, the time is right for enhancing our manufacturing capacity and contributing to the growth of the EV segment. We will work closely with leading OEMs to ensure the supply of high-quality EV motors and controllers. We also plan to gradually scale up capacity as demand rises,” he said further.
The announcement about the Bengaluru plant comes just months after Mecwin India announced its foray into the little-explored EV retrofitting segment with an Rs. 1,500-crore deal with Raipur-based Tatva Group, among the first and largest deals of its kind. As a part of the deal, Mecwin India will manufacture and supply 5 lakh retrofitting kits, which include motor, controller, lithium-ion battery, and charger, for different kinds of vehicles over the next three years to Tatva Group.
The company’s EV motors are specially designed, developed, and made in India for 2, 3 & 4-wheelers. The motors are optimized for high performance even under the most challenging Indian road conditions. The company aims at empowering the growing EV OEM base in India and other developing nations with its world-class motors and other components manufactured indigenously in India for the world.
Dr. Shivakumar H.M. has emerged as a decisive leader with the merit of managing the entire gamut of product development from conceptualizing to manufacturing and service, in 15+ years of his career chronicled by well-earned success in the Solar Pump and EV industry. His extensive contribution to the industry has shaped the Solar Pump and EV Industry in India.
He has been driven and motivated by the mission to facilitate organizations nationally and internationally with the widest range of Solar Pumps and EV motors. That too settling for nothing less than the highest quality standards and unique functionality.
Dr. Shivakumar H M. founded Mecwin Technologies India Pvt. Ltd. in 2017. It is a company working at the very core of the clean energy ecosystem and driving a revolution in space with the development of innovative solar pumps and motors. Working diligently towards bringing it to the masses for making a sustainable future a reality. The company believes in efficiency and innovation, which translates well through its range of high-quality, durable, and reliable range of Motors.
He is a start-up expert who nurtured and led the company from a 2 people set-up to a 200 people organization. The company grew to record an 8 Million Dollar revenue in the span of just 4 years.
Dr. Shivakumar H.M has excelled in introducing new product changes and fuelling the clean energy revolution. He is an exceptional motivator & strategist who addresses cost issues head-on and works towards strengthening productivity and accelerating profit.
He has earned a Six Sigma Black Belt from the Nobel Institute of Quality Certification and is also a Doctor of Philosophy – Ph.D., Operations Management and Supervision from the University of Mumbai.