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Private Sector | Multi State - India | PID: 203003
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Uno Minda, supplier of proprietary automotive systems and solutions to original equipment manufacturers (OEMs) has entered into a technical license agreement (TLA) with Suzhou lnovance Automotive, China. The TLA is for the manufacture and sale of select high voltage category electric vehicle (EV) products for passenger vehicle and commercial vehicle in India.
The move will help replicate the company's success in e-2W, by expanding its portfolio for e-4W vehicles with EV product offerings and accelerate India's transition to a sustainability. The select EV products include Charging Control Unit (CCU), EV inverter, EV motors, extgeneration 3-in-1 electric drive systems (e-Axle).
lnovance is a global provider of products and solutions in intelligent elevator, rail transit and new-energy vehicle (NEV), clocking USD 4.2 billion in revenue in FY23. It provides intelligent components and systems for both electric and hybrid vehicles Suzhou lnovance Automotive is a subsidiary of lnovance, with operations across Germany, France, United Kingdom, India, Japan, Thailand, and China.
| Updated on: 12 - Jun - 2024
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