# 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.

- Type: Partnership
- Announced: 2024-03-28
- Where: Chandigarh, Punjab, India
- Status: announced
- Products: Pareta e-drives
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DG Innovate plc](https://endata.com/companies/76501.md) (partner)
- [EVage Automotive Pvt. Limited](https://endata.com/companies/76502.md) (partner)

## Sources

- [lse.co.uk](https://www.lse.co.uk/rns/mou-for-proposed-indian-manufacturing-jv-hn9oehtmlemmo11.html), 2024-03-28: "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."

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