# 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.

- Type: Investment
- Announced: 2025-04-29
- Where: India
- Value: $51.0M (4.23B INR)
- Starts operating: Q4 2026
- Status: announced
- Capacity: 203043 units per year
- Products: combined charging units, e-axles, inverters, motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md)
- [Suzhou Inovance Automotive](https://endata.com/companies/52440.md) (partner)
- [Inovance Automotive (HK) Investment](https://endata.com/companies/82974.md) (partner)

## Sources

- [evstory.in](https://evstory.in/uno-minda-jv-with-suzhou-to-invest-423-cr-for-high-voltage-components-of-e-lcvs/), 2025-04-30: "This partnership will invest a total of Rs 423 crores in the development and production of high-voltage components for electric vehicles."
- [themachinemaker.com](https://themachinemaker.com/news/uno-minda-approves-%E2%82%B9423-crore-plan-for-electric-vehicle-powertrain-development/), 2025-05-03: "Uno Minda Limited has greenlit a ₹423 crore investment plan aimed at advancing electric powertrain systems for four-wheeled vehicles."

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