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Hot Pursuit News

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(06 Jun 2024, 08:42)

Uno Minda inks pact with lnovance Automotive

Uno Minda said that it has entered into a Technical License Agreement (TLA) with Suzhou lnovance Automotive Company (lnovance Automotive) for manufacture and sale of electric vehicle products for passenger vehicle and commercial vehicle in India.

lnovance is a leading provider of intelligent components and systems for both electric and hybrid vehicles and supplies to many of the leading Chinese and Global PV and CV OEMs. It is also leading global provider of products and solutions in general industry, intelligent elevator, rail transit and new-energy vehicle (NEV), achieving over $4.2 billion in revenue in FY23.

The select electric vehicle products include Charging Control Unit (CCU), EV inverter, EV motors and r,extgeneration 3-in-1 electric drive systems (e-Axle). This partnership will significantly expand Uno Minda's e-4W product portfolio, enabling them to effectively cater to the growing Indian EV market.

The company said that India's passenger car electric vehicle (EV) market is experiencing rapid growth, with sales ...

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