Leaders of Nidec and Ashok Leyland meet in India to sign an agreement to develop new e-drives for commercial vehicle electrification
From left to right; Top to bottom: Anthony Pickering, Greg Gorman, Girish Kulkarni, Glenn Feng, Kanakasabapathy Subramaniam, Saravanan N, Mahesh Thakar, Wesley David, Michael Briggs, Shenu Agarwal.
Bengaluru – October 3, 2024: Nidec Motor Corporation (“Nidec”), a 100% owned subsidiary of Nidec Corporation, has entered into a supply agreement with leading Indian commercial vehicle manufacturer, Ashok Leyland (“AL”), the Indian flagship Partnership agreement has been announced. Hinduja Group will provide an electric motor-control system (“e-Drive”) as vehicle electrification accelerates globally and in India.
Nidec’s Traction business segment is the trusted and preferred e-drive provider for commercial electric vehicles (CEVs), and serves the growing market with its global manufacturing and R&D footprint. Since 2010, Nidec Traction has successfully operated more than 100,000 CEVs around the world, making a significant contribution to a sustainable future.
This agreement will enable both Nidec and AL to work as strategic partners to develop next generation e-Drives for the commercial vehicle programs of AL and its subsidiaries while contributing to sustainability and clean transportation. Nidec will also provide necessary support to AL to set up a Center of Excellence for e-Drive in the commercial vehicle electrification sector to stay ahead of its competition.
This development follows a series of strategic investments that Nidec has made in India to enhance its local manufacturing footprint, R&D capabilities and supply chain reliability. In September 2023, Nidec announced a $55 million investment in a new state-of-the-art campus, The Orchard Hub, in Hubli, Karnataka. Orchard Hub is expected to begin production of various Nidec products in late 2025 to meet growing demand in industries including CEV, data centers, renewable energy and general industrials.
“Nidec is well-positioned in India and perfectly suited to accelerate commercial EV adoption in India,” says Michael Briggs, President, Nidec Motion & Energy. “Our investment strategy and motor technology are well complemented by Ashok Leyland, who understands the precise and specific demands of the commercial vehicle market. This partnership will ensure that customers get the same Ashok Leyland products they rely on, but now with the technology they need for efficiency and the changing global energy landscape.”
“Ashok Leyland is delighted to partner with Nidec, a global leader in electric motor technology,” says Shenu Agarwal, MD and CEO, Ashok Leyland. “This collaboration allows us to co-develop innovative e-drive motors specifically designed for the unique demands of India’s commercial vehicle market, while significantly advancing our electric mobility capabilities. By combining our strengths, we aim to create cutting-edge solutions that will set new standards and drive the future of sustainable commercial transportation in India.
The agreement was signed by Mr. Aggarwal and Mr. Briggs in the presence of Greg Gorman, Chief Development Officer of Nidec Motion & Energy, Anthony Pickering, President of Nidec Motion, Glenn Feng, President of Nidec Traction, Girish D. Kulkarni, President, Nidec Traction. & Country Managing Director, Nidec Motion & Energy India, Saravanan N, Chief Technology Officer, Ashok Leyland, Kanakasabapati Subramaniam, SVP Product Development, Ashok Leyland and others.
About Nidec Corporation
Nidec Corporation is the world’s leading electric motor manufacturer with revenues to exceed $18B USD in 2023. Founded in 1973 and headquartered in Kyoto, Japan, Nidec is a global company comprised of more than 300 group companies and 100,000 employees, with operations in more than 40 countries. A leader in electrification, Nidec is integral as a world-class global technology provider, local manufacturer and development partner in industries such as information technology, automotive, appliances, commercial and industrial machinery. Nidec enables positive global change through innovative problem-solving.
For more information visit Nidec website www.nidec.com,
About Nidec Motion and Energy
Nidec Motion & Energy, a business platform of Nidec Corporation, is a trusted development partner in many high-growth spaces including industrial automation, vehicle electrification and electrical infrastructure, delivering world-class technology to support industry leaders around the world. , provides support and local manufacturing. Globe. With headquarters in St. Louis, Missouri, it employs more than 13,000 individuals in more than 50 countries around the world.
About Nidec Traction
As part of the Nidec Motion & Energy business platform, Nidec Traction moves in a new direction. With global operations and more than 1,200 employees, the Nidec Traction business segment brings value, performance and peace of mind to its customers through innovation and expertise in electrified commercial vehicles and buses, material handling, powersports, utility spaces and beyond. .
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