# 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.

- Type: Partnership
- Announced: 2021-12-10
- Where: India
- Value: $52.0M (3.90B INR)
- Status: announced
- Products: electric vehicle components, e-drive solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Friwo](https://endata.com/companies/19399.md) (partner)
- [Minda Industries](https://endata.com/companies/23875.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/article/companies/minda-industries-forms-jv-with-friwo-for-manufacturing-ev-components-121121001192_1.html), 2021-12-10: "Electrification will play an important role in the transformation of the mobility industry and presents major opportunities to the entire mobility ecosystem."

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