Minda Industries forms joint venture with FRIWO AG for EV components

Minda Industries Ltd (MIL) has entered a joint venture with FRIWO AG Germany to manufacture and supply electric vehicle components in India. MIL will hold a 50.1% stake, with a planned capex of Rs 390 crore over six years.

“Electrification will play an important role in the transformation of the mobility industry and presents major opportunities to the entire mobility ecosystem.”business-standard.com

• 1 source
• business-standard.comMinda Industries forms JV with FRIWO for manufacturing EV components | Company News - Business StandardPress Trust of IndiaDec 10, 2021

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