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Companies

Mitsui & Co. to make electric vehicle motors in India

Joint venture with Taiwan's Teco aims for slice of country's growing EV market

TOKYO -- Japanese trading house Mitsui & Co. will produce electric vehicle motors in India in partnership with Taiwanese motor manufacturer Teco Electric and Machinery, likely becoming the first Japanese company to make EV motors in the country.

Teco is the world's fourth-largest industrial motor maker, with annual sales of around $1.63 billion. The Taiwanese company has also made components for Taiwan's high-speed trains.

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