Uno Minda partners with lnovance Automotive to strengthen electric four-wheeler portfolio

L to R: Sunil Bohra, Group CFO & CSO, Uno Minda with Chen Feng, Head BU of Inovance Automotive at the TLA signing ceremony

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26 Aug, 2025 12:21

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Uno Minda, a large-cap supplier of lighting, switching, acoustics and seating solutions to global automobile companies, on June
5 announced that it has entered into an agreement with Suzhou lnovance Automotive for manufacture and sale of select high voltage category electric vehicle products for passenger vehicle and commercial vehicle in India.

The select electric vehicle products include Charging Control Unit (CCU), EV inverter, EV motors and next-generation 3-in-1 electric drive systems (e-Axle).

This partnership will 'significantly expand Uno Minda's e-4W product portfolio, enabling them to effectively cater to the growing Indian EV market,' the company said.

Nirmal Kumar Minda, CMD, Uno Minda Group said; "Uno Minda is committed to leading the electric vehicle transformation across all vehicle categories. Similar to our success in e-2W, we are building a strong portfolio for e-4W. We are delighted to partner with lnovance Automotive to strengthen our EV product offerings for e-4W vehicles and accelerate India's transition to a sustainable and electrified future."

Founded in 2003, Inovance is a leading global provider of products and solutions in general industry, intelligent elevator, rail transit and new-energy vehicle (NEV), achieving over USD 4.2 billion in revenue in FY23.

It is a leading provider of intelligent components and systems for both electric and hybrid vehicles and supplies to many of the leading Chinese and Global Passenger Vehicle (PV) and Commercial vehicle OEMs.

Li Juntian, CEO of lnovance Automotive added; "lnovance Automotive is dedicated to providing world-class solutions for the New Energy Vehicle market. We are excited to collaborate with Uno Minda to expand our footprint in India's burgeoning EV market while developing innovative integrated electric drive units for the next generation of electric and hybrid vehicles."

Shares of Uno Minda closed 2.49 percent higher at Rs 865 apiece on BSE.