Remsons Industries Acquires Majority Stake in Astro Motors

Key Highlights:

• Remsons Industries bought a 51.01% stake in Astro Motors to enter the electric three-wheeler market.
• Astro Motors is known for its flagship model, Astro Navya.
• Astro Navya electric three wheeler reached Umling La Pass, the world’s highest motorable road.
• The company plans to launch passenger EVs in 4-6 months.
• The brand aims to be one of the top five electric three-wheeler brands in India.

Remsons Industries Limited has bought a 51.01% share in Astro Motors Private Limited for ₹14.22 crore. The deal was announced on April 9, 2025. Out of the total amount, ₹4.22 crore was given as shares, and ₹10 crore was paid in cash. Remsons Industries Limited is a well-known company that makes auto parts.

Astro Motors is currently growing its dealer network across India and plans to launch electric passenger vehicles in the next four to six months. The company aims to build a strong presence in a specific market segment and become one of the top five electric three-wheeler brands in India within the next three years.

This acquisition occurs when demand for last-mile delivery vehicles is increasing, driven by the growth of quick commerce and e-commerce in India. Electric three-wheelers are becoming more popular in the commercial vehicle industry as companies look for ways to cut costs and switch to cleaner transport options.

Leadership Insights:

Rahul Kejriwal, Executive Director at Remsons Industries, said, “We are very happy to welcome Astro Motors to the Remsons family. This deal is an important part of our plan to grow in a steady and smart way. We see a lot of potential in the electric three-wheeler market and believe this will help us expand and explore new business opportunities.”

About Astro Motors

Astro Motors is a company that makes electric three-wheelers for carrying goods, passengers, and small mobility needs. It has a factory in Chakan, Pune. The company is known for its gear-based electric three-wheelers. Astro Motors’ main product, the Astro Navya, is an electric three-wheeler with a payload capacity of 747 kg and can travel up to 131 km on a single charge. It runs on a 10.2 kWh battery. The vehicle made headlines when it reached the Umling La Pass in Ladakh, which is the world's highest motorable road at 19,024 feet.​

About Remsons Industries

Remsons Industries has been making auto parts for two-wheelers, three-wheelers, and four-wheelers for the last 50 years. The company is based in Mumbai and has factories in Gurgaon, Pune, Pardi, and Daman in India, along with units in Stourport and Redditch in the UK. Its product range includes control cables, gear shifters, pedal boxes, winches, lighting, and sensors. Remsons Industries was ranked 30th among India’s top mid-size workplaces. It has also been recognized as one of the best workplaces in the auto and auto components sector.

Also Read: FADA EV Market Share Data for Mar’25: Mahindra Group Tops Three-Wheeler EV Market

CMV360 Says

The electric three-wheeler market is clearly growing, especially with the boom in e-commerce and delivery services. Partnering with a company like Astro, which already has a working product and some big achievements, could give Remsons a solid start in this segment.