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Uno Minda revs up localisation of EV parts, plans new plant under Inovance TLA

Manufacturing  -  Sep 17,2024  - 

Uno Minda, which is a key supplier of switches, lights, and instrument clusters, among other propulsion-technology-agnostic parts, has revealed plans to set up a greenfield facility for a range of products it has lined up for passenger electric vehicles (EVs) in the country.

The company states that it is witnessing growing demand for the localisation of high-voltage EV components such as electric drive units (EDUs), chargers and battery management systems (BMSs) from leading PV OEMs across the country since the last 12 months. As a result, in June 2024, Uno Minda had signed a technical licensing agreement (TLA) with China’s Suzhou Inovance Automotive, for bringing these components to India.

According to Nirmal K Minda, Chairman and MD, Uno Minda Group, “Until about a year ago, the passenger vehicle (PV) and commercial vehicle (CV) players in India were not intensively looking at the localisation of EV components, but lately, we have started receiving RFQs from different OEMs. We are now in discussions with several OEMs for the localisation of parts such as EDUs, chargers and BMSs, and we will set up a greenfield facility.”

While Uno Minda had already commissioned two new plants for the manufacturing of two-wheeler EV components under its JVs with Germany’s Friwo and Buehler Motor, in Haryana in August last year, the company says it is still identifying locations for its greenfield facility for electric PV components.

Company : Uno Minda

Suzhou Inovance Automotive

Friwo

Buehler Motor