# 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.

- Type: Partnership
- Announced: 2021-12-01
- Where: India
- Value: $52.0M (3.90B INR)
- Status: announced
- Products: battery packs, battery management systems, chargers, motor controllers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (partner)
- [Friwo](https://endata.com/companies/19399.md) (partner)

## Sources

- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-components/uno-minda-eyes-inr-1500-crore-revenue-from-jv-with-friwo-group-cfo/93669815), 2022-08-20: "We are delighted to partner with FRIWO to expand our product capabilities and to serve the rising EV opportunities."

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