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Uno Minda to set up EV powertrain component plant in India · Endata

◂ Announcements

Apr 30, 2025NEW FACILITYIndia

Uno Minda to set up EV powertrain component plant in India

Uno Minda announced plans to set up a greenfield manufacturing plant for high-voltage EV powertrain products through a joint venture with Suzhou Inovance Automotive, with a total project cost of ₹423 crore. Phase 1 is expected to be operational by Q2 FY27.

Value

$50.6M (4.23B INR)

Starts operating

Q4 2026

Status

Announced

ProductsCombined Charging UnitsE-AxlesInvertersMotors

CompaniesUNO MINDA Suzhou Inovance Automotive partner Uno Minda Auto Innovations Private Limited partner

Sectors#Automotive Components

“This investment underscores Uno Minda's commitment to driving the future of electric mobility in India.”manufacturing.economictimes.indiatimes.com

2 sources
manufacturing.economictimes.indiatimes.comUno Minda Manufacturing Facility: Uno Minda to set up EV powertrain component manufacturing facility, ETManufacturingETManufacturing Desk, ET ManufacturingApr 30, 2025
business-standard.comUno Minda's board nod to setup greenfield plant for EV powertrain components | Capital Market News - Business StandardCapital MarketMay 2, 2025

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

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Nov 5, 2026EXPANSIONBawal, Haryana, India$10.2Mops Q3 2028
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May 8, 2025NEW FACILITYBawal, Haryana, India$24.0Mops Q4 2026
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Apr 29, 2025INVESTMENTIndia$51.0Mops Q4 2026
Uno Minda JV with Suzhou to invest Rs 423 crore for EV components
UNO MINDA Suzhou Inovance Automotive partner evstory.in themachinemaker.com
Feb 14, 2025ACQUISITIONIndia, India$23.0M
Uno Minda to acquire remaining 49.9% stake in UnoMinda EV Systems for Rs 195 crore
UNO MINDA UNO MINDA acquirer zeebiz.com autocarpro.in cnbctv18.com
Dec 8, 2024NEW FACILITYKhed, Pune, Maharashtra, Indiaops 8 Dec 2024
Uno Minda starts production at new automotive lighting plant in Pune
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