Uno Minda to Setup Greenfield Plant for Four Wheeler EV Powertrain Products

Uno Minda Limited, a leading global supplier of advanced automotive technology and systems to original equipment manufacturers (OEMs), announced the establishment of a new greenfield plant dedicated to the manufacturing of high-voltage category powertrain products for four-wheeler passenger and commercial electric vehicles. The project will be executed through Uno Minda's wholly-owned subsidiary, Uno Minda Auto Innovations Private Limited, and will eventually be converted into a joint venture company with Suzhou Inovance Automotive Co. Ltd. The total project cost is estimated at approximately Rs 423 Crore. This investment underscores Uno Minda's commitment to driving the future of electric mobility in India and enhancing its capabilities in the rapidly expanding electric vehicle market.