Lumax Auto Technologies and Ananda Drive Techniques sign MoU for EV motors manufacturing

Lumax Auto Technologies signed an MoU with Ananda Drive Techniques to set up a manufacturing facility in India for EV motors and controllers, expected by end of FY 2020-21.

“This MoU is expected to lead to setting up of a manufacturing facility in India towards the end of FY 2020-21 to manufacture and sell EV motors and controllers to the OEMs in India.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comLumax JV: Lumax Auto Technologies partners with Ananda Drive Techniques for motors and controllers, ETAutoET AutoFeb 12, 2020

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