Are you ready to witness a pivotal moment in India’s electric mobility journey? Uno Minda has just announced a game-changing investment in a greenfield manufacturing facility dedicated to high-voltage powertrain components for electric vehicles.
Investment Breakdown: By the Numbers
| Metric | Details |
|---|---|
| Total Investment | ₹423 Crore |
| Investment Phasing | Over 3 Years |
| First Phase Completion | Q2 FY2027 |
| Equity Stake | 70% (Uno Minda) |
| Production Capacity | 203,043 Units Annually |
The Powertrain Powerhouse
The proposed plant will focus on manufacturing critical EV components including:
- Combined Charging Units
- E-Axles
- Inverters
- Motors
Targeting both passenger and commercial electric vehicles, this facility represents a strategic leap into the EV ecosystem.
Strategic Partnership
Uno Minda is partnering with Suzhou Inovance Automotive Co. Ltd., with plans to convert the initial wholly-owned subsidiary into a joint venture. The company has already secured an e-axle order from a key anchor customer.
Leadership Perspective
Ravi Mehra, Managing Director of Uno Minda Group, offers a compelling vision: “This investment underscores our commitment to driving the future of electric mobility in India. Our partnership with Inovance Automotive will bring together complementary strengths to deliver high-quality, advanced technology solutions for electric vehicles.”
Also Read: Top 10 EVs Under Rs. 50 Lakhs in India: 2025 Buyer’s Guide
Frequently Asked Questions
Q: Why is Uno Minda investing in EV powertrain components?
A: The investment aligns with the rapidly growing EV market in India, positioning Uno Minda at the forefront of automotive technological transformation.
Q: When will the plant become operational?
A: The first phase is expected to be commissioned by the second quarter of fiscal year 2027.
Q: What makes this investment significant?
A: It represents a strategic move to develop indigenous high-voltage EV powertrain solutions, crucial for India’s electric mobility ambitions.
Conclusion
Uno Minda’s ₹423 crore investment is more than a financial commitment—it’s a bold statement about India’s electric future. Are you ready to be part of this electrifying journey?
