Uno Minda forms EV components JV with FRIWO AG Germany

Uno Minda entered into a joint venture agreement with FRIWO AG Germany in December 2021 to manufacture and supply electric vehicle components for two- and three-wheelers in India. The JV has a planned capex of INR 390 crore over six years, with Uno Minda holding a 50.1% stake.

“We are delighted to partner with FRIWO to expand our product capabilities and to serve the rising EV opportunities.”auto.economictimes.indiatimes.com

• 1 source
• auto.economictimes.indiatimes.comUno Minda eyes INR 1,500 crore revenue from JV with FRIWO: Group CFO, ETAutoShruti MishraAug 20, 2022

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