Uno Minda Limited has announced plans to establish a greenfield manufacturing facility for high-voltage electric powertrain components used in four-wheeler passenger and commercial vehicles. The board-approved investment aims to strengthen the company's capabilities in the electric mobility space, with an estimated project cost of INR 423 crore. The plant will initially be developed under Uno Minda Auto Innovations Private Limited, a wholly-owned subsidiary, and later converted into a joint venture with China-based Suzhou Inovance Automotive, subject to regulatory clearance. Uno Minda is expected to hold a 70 percent stake in the joint venture.
The proposed facility will manufacture key electric vehicle powertrain components such as Combined Charging Units, E-Axles, Inverters, and Motors. These components fall under the high-voltage category, making them crucial for the performance and efficiency of electric vehicles. Uno Minda has already secured an order for e-axles from an anchor customer, which provides early validation for the investment. Phase one of the plant is scheduled for commissioning by the second quarter of the 2026-27 financial year.
The company is still finalising the location of the facility, with decisions to be guided by proximity to key customers and potential investment benefits. This approach aligns with the growing trend of EV suppliers building capacity near OEM clusters to reduce logistics costs and improve responsiveness to demand.
Ravi Mehra, Managing Director, Uno Minda Group, emphasised that the collaboration with Inovance Automotive would allow both parties to leverage their technological and manufacturing expertise. Mehra highlighted the importance of scaling high-voltage EV component production, as the market continues to evolve and OEMs demand integrated solutions with greater efficiency and reliability.
This move comes at a time when EV adoption in India is steadily gaining momentum, but the supply chain for localised high-voltage components is still maturing. Uno Minda’s investment could help fill a critical gap by providing OEMs with domestic access to high-performance EV systems.
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