Uno Minda Limited is investing ₹423 crore (INR 4.23 billion) to build a new manufacturing plant for high-voltage EV powertrain components for both passenger and commercial four-wheelers.
Initially, the plant will operate under Uno Minda Auto Innovations Private Limited, a wholly-owned subsidiary, and will later become a joint venture with Suzhou Inovance Automotive (pending regulatory approval), with Uno Minda holding a 70% stake. The facility will produce essential EV components like Combined Charging Units, E-Axles, Inverters, and Motors. Uno Minda has already secured an e-axle order from a major client, confirming the value of this investment, and phase one of the plant is expected to be operational by Q2 of FY2026-27.
The location of the plant is still under consideration, with a focus on being close to key customers and maximizing investment benefits.
About Uno Minda Limited
Founded in 1958, Uno Minda is a global Tier-1 auto component manufacturer providing solutions for both traditional and electric vehicles, with a worldwide presence in manufacturing and R&D.
