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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.
Uno Minda approved the acquisition of the remaining 49.9% stake in joint venture UnoMinda EV Systems from FRIWO Geratebau GmbH for Rs 195 crore, along with IP and R&D assets for e-drive technologies.