Pavna Industries Limited a leading manufacturer of automotive components across passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles, has signed a joint venture agreement with SmartChip Microelectronic Corporation (SMC), Taiwan. The partnership will focus on manufacturing advanced electronic components for the automobile industry (ICE and EV) as well as for other sectors including residential and commercial hardware, aerospace, and medical applications.
Under the agreement, Pavna will leverage its strengths in operations, manufacturing, procurement, and its deep understanding of the Indian automotive landscape to manage the JV’s activities in India. SMC will contribute its technical expertise, R&D capabilities, and product innovations in areas such as automotive e-lock systems, EV motor controllers, throttle bodies, dashboards for two- and three-wheelers, EV charging piles, and smart e-locking solutions for residential and commercial use. Equity in the JV will be structured with Pavna holding 80% and SMC holding 20%.
Commenting on the development Swapnil Jain, Managing Director, Pavna Industries Limited, said:
“This partnership is a key milestone in our journey to becoming a leader in advanced mobility solutions. By combining Pavna’s market reach and manufacturing expertise with SMC’s cutting-edge electronics capabilities, we aim to accelerate the adoption of EV technologies in India and expand into high-growth international markets. Together, we will be able to offer innovative, reliable, and sustainable solutions for customers worldwide.”
Founded in 1994 (formerly Pavna Locks Limited), Pavna Industries Limited is a trusted name in the South Asian automotive sector with over five decades of innovation, technology, and manufacturing expertise. The company serves leading OEMs across multiple vehicle categories, offering a broad portfolio that includes ignition switches, fuel tank caps, auto locks, latches, oil pumps, throttle bodies, casting components, and more.
Pavna operates modern manufacturing plants in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand), with a new facility under development in Hosur (Tamil Nadu). Its strategic locations close to OEM hubs ensure efficient collaboration and timely supply. Pavna’s reach extends globally, exporting to countries such as Italy, Sri Lanka, Indonesia, Sudan, the USA, and Bangladesh.
The company has longstanding partnerships with leading names in the automotive industry, including Bajaj, Honda, TVS, Mahindra, Royal Enfield, Ashok Leyland, Eicher Motors, Kawasaki, and more. Pavna’s strong commitment to R&D drives continuous product enhancement, innovation, and process improvements, supported by collaborations with international partners such as Sunworld Moto Industrial Co.
SMC specializes in semiconductor and electronic circuit design and development, supplying advanced modules and components globally. With core expertise in e-lock systems and EV technologies, the company provides innovative solutions for automotive, residential, and commercial applications. Through this joint venture, SMC will bring its proven engineering capabilities to support local design, development, and manufacturing in India.
