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Friday, 13 November 2026 IST

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Vimag Labs bets on magnet-free motors, eyes ₹100 cr revenue in FY28

Vimag Labs aims to scale up production of rare-earth-free electric motors at its Haryana facility, targeting ₹100 crore revenue in FY28 while expanding into defence and global markets

Vimag Labs bets on magnet-free motors, eyes ₹100 cr revenue in FY28
Vimag Labs bets on magnet-free motors, eyes ₹100 cr revenue in FY28 — image via Business Standard feed — Credit: Business Standard

Attributed summary

Vimag Labs aims to scale up production of rare-earth-free electric motors at its Haryana facility, targeting ₹100 crore revenue in FY28 while expanding into defence and global markets

Read the original report — Business Standard

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