# Anand Group and Mando Corp form JV for EV components in India

Anand Group and South Korea's Mando Corporation will establish a joint venture, ANAND Mando eMobility Pvt Ltd, to manufacture and market electric vehicle components for two- and three-wheelers in India, with a planned manufacturing facility in Rajasthan.

- Type: Acquisition
- Announced: 2021-07-27
- Where: Rajasthan, India, India
- Value: $6.70M (500.0M INR)
- Jobs: 350
- Status: announced
- Products: electric vehicle components, electric motor parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mando](https://endata.com/companies/23726.md) (partner)
- [Anand Group](https://endata.com/companies/39785.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/auto/news/anand-group-mando-corp-join-hands-to-produce-market-electric-vehicle-components/articleshow/84784594.cms), 2021-07-27: "The collaboration with Mando Corporation is in line with the key ethos of the ANAND Group's vision, to create value sustainably through the pursuit of excellence."

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