The Uno Minda Board has given the green light to the electric 4W Powertrain component project.
Uno Minda has greenlit the Detailed Project Report (DPR) for a collaborative venture dedicated to the development and manufacturing of high-voltage electric vehicle (EV) powertrain parts for four-wheeled passenger and commercial vehicles. The Board of Directors gave their approval for the project in a meeting on April 30, 2025.
This project is established through a collaborative agreement with Uno Minda Auto Innovations Pvt. Ltd. in India, Suzhou Inovance Automotive Co. Ltd (China), and its completely owned subsidiary, Innovance Automotive (HK) Investment Co. Ltd.
The collaborative enterprise is Uno Minda Auto Innovations Pvt. Ltd., a well-established subsidiary of Uno Minda in India. Now, let's briefly go over the project details.
Project Details
Total Project Cost: 423 Crore Approx.
Product Focus: Development and production of high-voltage EV powertrain battery components for electric 4W passenger and commercial vehicles, which includes integrated charging units like e-axles, inverters, and motors.
Estimated annual production capacity: Approximately 203,043 units.
Timeline: The production will be commenced for the second quarter of FY 2026-27, with the significant addition to be achieved after the third year of full operation.
Financing: The project will be totally financed in a combination of equity and long term loans.
Investment Structure: The investment strategy of Uno Minda includes a commitment of around Rs 114 Crore towards the equity capital of the joint venture, which will grant them a 70% equity share over a three-year period.
- novance Automotive will be investing 30% of the equity shares of the JV company via a Hong Kong Subsidiary. However, the investment by Inovance will be done under regulatory approvals. Uno Minda will maintain complete control of the equity stake in the joint venture until the necessary approvals are received.
