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The joint venture of FRIWO and UNO MINDA has received orders and letters of intent worth over €400 million from Indian vehicle manufacturers for electric drive solutions for two- and three-wheelers. A new production facility south of New Delhi is expected to start operations in Q2 2023.
“The very high demand of electric drive solutions for two- and three-wheeled vehicles in India has already led to orders and letters of intent for a total volume of more than 400 million euros at the joint venture of FRIWO and the Indian UNO MINDA Group.”friwo.com
Summarized from public sources; check the original articles before acting on it.