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Uno Minda JV with Suzhou to invest Rs 423 crore for EV components · Endata

◂ Announcements

Apr 29, 2025INVESTMENTIndia

Uno Minda JV with Suzhou to invest Rs 423 crore for EV components

Uno Minda announced a joint venture with Suzhou Inovance Automotive to invest Rs 423 crore in developing and manufacturing high-voltage components for electric light commercial vehicles in India.

Value

$51.0M (4.23B INR)

Starts operating

Q4 2026

Status

Announced

Capacity

203043 units per year

Productscombined charging unitse-axlesinvertersmotors

CompaniesUNO MINDA Suzhou Inovance Automotive partner Inovance Automotive (HK) Investment partner

Sectors#Automotive Components

“This partnership will invest a total of Rs 423 crores in the development and production of high-voltage components for electric vehicles.”evstory.in

2 sources
evstory.inUno Minda JV with Suzhou to invest 423 cr for high voltage components for E-LCV's - EVStoryAuthor EVS Team View all postsApr 30, 2025
themachinemaker.comUno Minda Approves ₹423 Crore Plan for Electric Vehicle Powertrain DevelopmentMM DeskMay 3, 2025

Summarized from public sources; check the original articles before acting on it.

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May 8, 2025NEW FACILITYBawal, Haryana, India$24.0Mops Q4 2026
Uno Minda to build ₹200 crore alloy wheel plant in Bawal, Haryana
UNO MINDA manufacturing.economictimes.indiatimes.com constructionworld.in economictimes.indiatimes.com
Apr 30, 2025NEW FACILITYIndia$50.6Mops Q4 2026
Uno Minda to set up EV powertrain component plant in India
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Feb 14, 2025ACQUISITIONIndia, India$23.0M
Uno Minda to acquire remaining 49.9% stake in UnoMinda EV Systems for Rs 195 crore
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