On Tuesday, Terra Motors Corporation said it had joined hands with FCC Corporation to collaborate on developing futuristic electric vehicles for global markets while utilising Indian operations as the base for the activity. Japan-based FCC is a worldwide market leader in motorcycle clutches, with 22 production facilities spread across various countries.

In building a business foundation in Asia, we will provide two customer values: EV bodies that are more economical than gasoline vehicles and brand value that evokes a new lifestyle.

To this end, we aim to increase new business value through co-creation with services and businesses, such as the advancement of vehicle technology, the improvement of convenience through innovative Internet of Things (IoT), and shared mobility,” Terra Motors India CEO Akihiro Ueda said in a statement.

The company is aiming to increase new business value through co-creation with services and businesses, such as shared mobility, he added. For Terra Motors, R&D is the topmost priority, especially for emerging markets like India, where it has a stronghold in the three-wheeler (3Ws) EVs, the company stated.