Acquisitions9 Apr 2025, 10:04 pm
Remsons Industries Acquires Astro Motors, A Leading Electric Three-Wheeler Manufacturer
AI Summary
Remsons Industries Limited, an automotive OEM components manufacturer, has announced the acquisition of Astro Motors Private Limited, a three-wheeler electric vehicle manufacturing company. Remsons has acquired a 51.01% stake in Astro Motors for Rs. 14.22 crore. Astro Motors, with a plant in Chakan (Pune), is known for its gear technology and high payload capacities. The company has appointed dealers across India and is pursuing the launch of passenger EV vehicles in the next four to six months. This acquisition is a significant step for Remsons in its journey to grow sustainably and establish a presence in the rapidly growing electric three-wheeler segment.
Key Highlights
- Remsons Industries acquires 51.01% stake in Astro Motors for Rs. 14.22 crore
- Astro Motors is a leading electric three-wheeler manufacturer with gear technology and high payload capacities
- Astro Motors has dealers across India and is launching passenger EV vehicles in the next four to six months
- This acquisition is a strategic step for Remsons in the rapidly growing electric three-wheeler segment
- Remsons Industries is a renowned automotive OEM components manufacturer with a 50-year legacy