# DG Innovate signs joint venture with EVage to manufacture Pareta electric motors in India

DG Innovate signed a joint venture agreement with EVage Automotive to manufacture and supply Pareta e-drives in Chandigarh, India. DGI will own 60% and EVage 40% of the JV, which aims to produce approximately 100,000 units over four years.

- Type: Partnership
- Announced: 2024-11-27
- Where: Chandigarh, Punjab, India
- Status: announced
- Capacity: 100,000 units over four years
- Products: Pareta electric motors, 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/dgi-to-commence-production-of-motors-via-evage-jv-vjib2q3htvrf1dv.html), 2024-11-27: "DGI to commence production of Pareta® motors after signing Joint Venture with EVage"

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