Musashi India signs LOI to supply locally made e-axles to Bhago Mobility

Musashi Auto Parts India will supply locally manufactured e-axles for Bhago Mobility’s fixed-battery Bhago Bhim electric three-wheeler. Production is planned to begin in 2027, supported by Musashi’s Bengaluru plant.

— Source publishedTue, 15 Sept, 2026, 14:10 IST·First seen Tue, 15 Sept, 2026, 14:28 IST·Source ET Small Business

What happened

Musashi Auto Parts India signed an LOI to supply locally manufactured e-axles for Bhago Mobility’s fixed-battery Bhago Bhim electric three-wheeler. Production

Key facts

  • more than 60%
  • 2025
  • 2027
  • L5

What changed

Musashi Auto Parts India signed an LOI to supply locally manufactured e-axles for Bhago Mobility’s fixed-battery Bhago Bhim electric three-wheeler. Production will be supported by Musashi’s Bengaluru plant, advancing localization of India-focused electric mobility technology.

Why this matters

Musashi’s planned 2027 local e-axle supply for Bhago Mobility could improve component availability and reduce sourcing complexity for India’s electric three-wheeler production.

What to watch

  • Conversion of the LOI into a binding supply agreement, including committed annual volumes and pricing.
  • Musashi Bengaluru plant capex, localization percentage, supplier sourcing and production-line commissioning milestones.
  • Bhago Bhim homologation, pilot fleet deployments, dealer expansion and financing partnerships.
  • India electric three-wheeler demand growth, subsidy or tax-policy changes, and battery-price trends through 2027.
  • Warranty performance, drivetrain efficiency and service-cost data from pre-production vehicles.

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