Uno Minda, partner approve $50.2M investment to develop and produce new EV components in India
Uno Minda's board also approved an investment of 1.14 billion rupees in the equity capital of the JV company
In February, Uno Minda Ltd. (Uno Minda) announced a strategic partnership with mainland China-based supplier, Suzhou Inovance Automotive Co. Ltd., to produce high-voltage electric vehicle components in India.
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