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Versa Drives gets investment from Japanese Murata Manufacturing

Auto News - Published on Wed, 13 Mar 2019

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Coimbatore based electronics design and manufacturing company Versa Drives Pvt Ltd said it has received an undisclosed investment from Japan-headquartered Murata Manufacturing Co. The investment would be utilised to develop a line of innovative motor drives that target the electric appliances and electric vehicle OEMs (original equipment manufacturers) with superior control and efficiency.

Mr Sundar Muruganandhan managing director of Versa Drives said in the statement that "Murata with its global presence and leadership in electronic component manufacturing will help Versa Drives' products reach international markets.”

Versa Drives has been supplying custom-designed motor drives and is a market leader in super-efficient ceiling fans. The company has been registering a growth rate of 30 per cent in the niche field catering to original equipment manufacturers, the statement said.

Commenting on making the investment in Versa Drives Pvt Ltd, executive vice-president of Murata Manufacturing Co Mr Hiroshi Iwatsubo said that "We see a great potential in Versa Drives' motor control productline. Murata is keen to enter energy management and storage business with high performance and high efficiency new products that solve a lot of energy issues of today and we believe that India is an excellent place to focus that effort," he said.

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Posted By : Sanju Moirangthem on Wed, 13 Mar 2019
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