Uno Minda Limited has greenlit a ₹423 crore investment plan aimed at advancing electric powertrain systems for four-wheeled vehicles. The initiative focuses on the design and production of high-voltage EV components, including integrated charging systems, electric axles, inverters, and motors.
This decision follows a February 17, 2025 update on a partnership involving Uno Minda Auto Innovations Pvt. Ltd., Suzhou Inovance Automotive Co. Ltd., and Inovance Automotive (HK) Investment Co. Ltd. As per the approved structure, Uno Minda will contribute around ₹114 crore as equity in the joint venture, securing a 70% ownership share.
Initially, the company will hold full ownership until the Hong Kong-based partner receives the necessary regulatory permissions to purchase a 30% stake.
The proposed facility is expected to have an annual production capacity of 203,043 units. Operations are set to begin in the second quarter of FY 2026–27, with full output anticipated within three years from launch. The joint venture will be operated through Uno Minda Auto Innovations Private Limited, a subsidiary established on April 5, 2023. Funding for the project will involve a mix of equity and long-term loans.
The board finalized this decision during a meeting held on April 30, 2025, from 10:30 A.M. to 10:50 A.M. The company shared this information in accordance with SEBI guidelines and noted that further details are available on its website. Previously known as Minda Industries Limited, Uno Minda is a prominent supplier of automotive components in India.
With over six decades of experience, the company serves as a Tier 1 supplier to Original Equipment Manufacturers (OEMs) in the automotive industry. Its product portfolio spans lighting systems, acoustic systems, sensors, controllers, and a variety of other automotive solutions. Uno Minda has a strong presence in the Indian automotive supply chain, with manufacturing facilities spread across the country, enabling it to support major automotive manufacturers in the region.
The company has established itself as a key player in both the OEM and aftermarket sectors through technological innovation, strategic partnerships, and capacity expansion efforts. Uno Minda is a key contributor to the growth of India’s automotive components industry, a vital segment of the country’s manufacturing and industrial base.
Headquartered in India, Uno Minda operates through a network of state-of-the-art manufacturing facilities, R&D centers, and sales offices, serving both domestic and international markets. Known for its commitment to innovation and quality, Uno Minda collaborates closely with leading original equipment manufacturers (OEMs) worldwide, contributing significantly to advancements in automotive technology. The company’s strategic focus on sustainability, customer satisfaction, and technological excellence has established it as a trusted partner in the global automotive ecosystem
