DG Innovate and EVage sign MoU for Indian manufacturing JV

DG Innovate plc signed a Memorandum of Understanding with EVage Automotive Pvt. Limited to establish a joint venture in Chandigarh, India, to manufacture Pareta e-drives. The JV will be 60% owned by DG Innovate and 40% by EVage, targeting manufacturing start within 12 months.

“The Company has entered into a Memorandum of Understanding with EVage Automotive Pvt. Limited covering the proposed establishment of a joint venture in India to manufacture and supply a range of DG Innovate's Pareta e-drives.”lse.co.uk

• 1 source
• lse.co.ukMoU for Proposed Indian Manufacturing JV | Regulatory NewsMar 28, 2024

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