# 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.

- Type: Partnership
- Announced: 2020-02-12
- Where: India, India
- Status: announced
- Products: EV motors, controllers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lumax Auto Technologies](https://endata.com/companies/38681.md) (partner)
- [Ananda Drive Techniques](https://endata.com/companies/45214.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/lumax-auto-technologies-partners-with-ananda-drive-techniques-for-motors-and-controllers/74099506), 2020-02-12: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.