Vimag Labs targets ₹100 crore revenue with magnet-free motors
In short
Vimag Labs wants to grow its rare-earth-free electric motor business at its Haryana plant and aims for ₹100 crore revenue in FY28. The company is also looking to expand into defence and global markets.
This matters because the plan could lift sales and open new markets for the company. The report does not say how much it makes now, how many motors it will produce, or when the expansion will finish.
What the reporting says
Vimag Labs aims to scale production of rare-earth-free electric motors at its Haryana facility and target ₹100 crore revenue in FY28, according to the publisher summary. The company is also expanding into defence and global markets. The reporting does not state current revenue, production volumes, or when the expansion will be completed.
Why it matters
Vimag Labs aims to scale production of rare-earth-free electric motors at its Haryana facility and targets ₹100 crore revenue in FY28, according to the publisher-supplied summary. It also plans to expand into defence and global markets. The reporting does not provide current revenue, production capacity, or implementation timing, so the near-term business impact is uncertain.