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09/30/2025News Releases
Announcement Regarding the Start of Mass Production of Drive Units for 3-Wheel Battery Electric Vehicles by Our Indian Subsidiary
EXEDY Corporation (Head Office: Neyagawa City, Osaka; President and CEO: Tetsuya Yoshinaga) is pleased to announce that its consolidated subsidiary, EXEDY Clutch India Pvt. Ltd. (Location: Karnataka, India), has commenced mass production of a newly developed high-performance drive unit for 3-wheel Battery Electric Vehicles (hereinafter, BEV) and made its first shipment on September 25, 2025.
1. Overview
Since the COVID-19 pandemic, the production of 3-wheel BEVs in India has shown an annual growth rate of over 10% due to national policies. Furthermore, the demand for electrification is expanding for 2-wheel vehicles, a market with a scale of 23 million units. To meet these market needs, we have developed a new drive unit that integrates the motor technology of our investee, STARYA MOBILITY Pvt. Ltd. (hereinafter, STARYA), with the transmission functions, such as CVT*, cultivated through internal combustion engine (ICE) vehicles. This product will be installed in 3-wheel BEVs developed by OMEGA SEIKI Pvt. Ltd. (hereinafter, OMEGA SEIKI), a major Indian commercial 3-wheel BEV manufacturer and our investee, and is scheduled to be sold in India.
* CVT (Continuously Variable Transmission) :
A stepless transmission that achieves smooth acceleration with minimal shift shock by combining a belt and two variable-diameter pulleys, without using gears. Most 2-wheel/3-wheel BEVs in the region currently lack a transmission function.
2. Product Features
- High Driving Force and Low Power Consumption: Achieves both high driving performance and power efficiency without increasing motor size.
- Excellent Hill-Climbing Performance: Realizes driving performance capable of handling delivery operations in suburban and mountainous areas.
- Compact Design: Optimized design for the limited space of 3-wheel vehicles.
Product Introduction Video (Japanese Only)
3. Future Developments
Following the 3-wheel BEV drive unit that has just commenced mass production, we are also proceeding with the development of drive units for 2-wheel BEVs. In the Indian market, where the government is promoting a shift to electric mobility, we will advance the development of electric vehicles equipped with highly efficient electric drive units utilizing our technology, in collaboration with OMEGA SEIKI, which holds the second-largest share in the 3-wheel BEV category. We aim to contribute to the creation of a decarbonized society and the minimization of environmental impact, while also creating and providing new value to our customers.
(For Reference)
We have formulated a long-term vision for the fiscal year 2050. This vision was created based on our corporate philosophy (“Creation of Fulfillment”) and significant changes in our business environment. In 2024, to realize this long-term vision, we announced our medium-to-long-term strategy, consisting of business strategy, financial strategy, and ESG strategy, and our medium-term management plan “REVOLUTION 2026.” We aim to enhance corporate value by executing this strategy. This project is based on this medium-to-long-term strategy.
Excerpt from EXEDY’s Financial Results Briefing Material for the Fiscal Year Ended March 2025
About OMEGA SEIKI
OMEGA SEIKI is a developer, manufacturer, and seller of electric mobility solutions. With manufacturing bases in Northern and Western India and an extensive dealer network, it is expanding its presence not only in India but also internationally.
Company Name: OMEGA SEIKI Pvt. Ltd.
Head Office: New Delhi, India
Representative: Uday Narang
Business Activities: Development, manufacturing, and sales of 2-wheel and 3-wheel BEVs, and light trucks.
Established: 2018
Official Website: https://omegaseikimobility.com/
About STARYA
STARYA is a planner, developer, and seller of motors and controllers for 2-wheel and 3-wheel BEVs, based in Bengaluru, India.
Company Name: STARYA MOBILITY Pvt. Ltd.
Head Office: Bengaluru, India
Representative: RAVI KUMAR JAGANNATH
Established: 2018
Official Website: https://www.starya.in/
About EXEDY
EXEDY Corporation headquartered in Neyagawa City, Osaka, is a leading company in powertrain components. As a global enterprise with bases in 25 countries worldwide, it provides high-quality products across the globe.
Company Name: EXEDY Corporation
Head Office: 1-1-1 Kidamotomiya, Neyagawa City, Osaka 572-8570, Japan
President and CEO: Tetsuya Yoshinaga
Industry Classification: Transportation Equipment
Established: 1950
Market: Tokyo Stock Exchange Prime Market
Number of Employees: 3,131 (Consolidated: 14,197) (as of March 2025)
Official Website: https://www.exedy.com/