Uno Minda has received approval to enter into Joint Venture (JV) relationship with Inovance Automotive (along with its affiliate). Inovance Automotive, through its wholly-owned subsidiary -- Inovance Automotive (HK) Investment, Hong Kong shall make an investment in Equity Shares of Uno Minda’s wholly owned subsidiary -- Uno Minda Auto Innovations in India, which shall upon investment will be treated as Joint Venture Company. The company’s Mergers and Acquisitions Committee on February 17, 2025 has accorded approval for the same.
The JV Company shall carry on the business of design, development, engineering, manufacturing, sale, distribution and marketing of 4W PV & CV EV Powertrain Products like Combined Charging Units, E Axle, Inverter, Motors etc. within the JV Territory.
On June 05, 2024, the company’s board had approved the Technical License Agreement with Suzhou Inovance Automotive Company, China ‘Inovance Automotive’, which pertains to development and manufacturing of High Voltage Category of 4W PV & CV EV Powertrain Products like Combined Charging Units, E Axle, Inverter, Motors etc.
Uno Minda (formerly Minda Industries) is a leading global manufacturer of proprietary automotive solutions and systems supplying to OEMs as Tier-1.
