Bondada Engineering
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Bondada Engineering subsidiary Atpole Technologies acquires 51% of electric two-wheeler maker BTM Mobility
Atpole Technologies Private Limited, a subsidiary of Bondada Engineering Limited, has bought 5,100 equity shares with a face value of ₹10 each, a 51% stake in BTM Mobility Private Limited, for a cash consideration. BTM Mobility, formerly Thuraga Motors Private Limited, designs, develops, manufactures and assembles electric two-wheelers and related components, and becomes an Atpole subsidiary. The group describes the deal as forward integration of its existing BLDC motor manufacturing, giving it access to BTM's product designs, intellectual property and existing order pipeline.
Why it matters
A motor manufacturer moving into vehicle production signals deeper vertical integration in India's electric two-wheeler supply chain, which may shape future component sourcing and fleet vehicle supply. CPOs and fleet charging planners targeting two-wheeler segments should note another domestic OEM building scale.