Gasgoo News – According to foreign media reports, Japanese spring manufacturer NHK Spring recently announced plans to begin production of electric vehicle (EV) motor cores in India by fiscal year 2026, with total local investments expected to reach 10 billion yen (approximately $64 million) by 2030.

Initially, the company will invest 1.5 billion yen to upgrade an existing factory (currently producing other automotive components) by introducing stamping production line equipment and gradually increasing capacity. In the future, NHK Spring plans to allocate an additional 5 billion yen for facility expansion and new equipment deployment.

Motor cores are a critical component of EV powertrains. Local production at the Indian plant will help meet the growing demand for electrified vehicles in the region. NHK Spring stated in a release that it anticipates India’s market demand for electrified vehicles to rise annually, driving increased need for EV motor cores. As a result, the company has decided to retrofit its existing Indian plant to establish a new motor core production base.

By strengthening its global production system, NHK Spring aims to expand sales of precision automotive components and enhance profitability in this business segment. Beyond India, the company also plans to ramp up production capacity at its plants in Japan and Mexico, targeting global motor core-related sales exceeding 30 billion yen by fiscal year 2030.

Additionally, NHK Spring recently announced the liquidation of its two Chinese subsidiaries specializing in automotive seats. The statement cited ‘slowing sales growth of Japanese automakers in China and uncertain prospects for recovery’ as reasons, though the company will retain its other business operations in the country.