If you’re eyeing a second‑hand electric three‑wheeler, the latest move by Varroc and Forsee Power could change the game.
Varroc will take 45% of Forsee Power India and run the joint venture, meaning the battery packs will be designed in France but built in India, giving local OEMs a ready‑to‑install solution.
Forsee Power’s tech is already used in commercial EVs and industrial trucks, so the packs will likely feature modular cells, a 3‑phase inverter, and an integrated BMS that can support robust performance across different vehicle architectures.
In a market where the Ministry of Heavy Industries is easing duties on imported battery cells, a homegrown supply chain could keep prices down and meet the 2026 target of 60% EV penetration for three‑wheelers.
Varroc said the JV will start with three‑wheelers in early 2027, then roll out to two‑wheelers by late 2028, with regional plants planned across Mumbai, Bengaluru, and Chennai. Buyers in those metros should see new options by next year.