TechnologyPhoto: Business StandardVimag Labs Targets ₹100 Crore Revenue with Magnet-Free Motors by FY28
Vimag Labs, an advanced motor-technology company in Jhajjar, Haryana, is developing electric motors without rare-earth permanent magnets. It aims to achieve ₹100 crore revenue in FY28 as it scales manufacturing and commercial deployment. The company plans to expand across electric mobility, industrial equipment, commercial vehicles, defence, and aerospace, and enter international markets with its patented Virtual Magnet Synchronous Motor technology.
Business Standard··Jhajjar



