Uno Minda Limited is making headlines with its ambitious move in the electric vehicle (EV) industry. The automotive major’s Board has approved a substantial ₹423 crore investment to establish a cutting-edge greenfield manufacturing plant dedicated to high-voltage EV powertrain components for four-wheelers. This strategic project positions Uno Minda to be at the forefront of India’s clean mobility transformation.
A Major Leap: Investment and Project Overview
The new plant underscores Uno Minda’s commitment to driving electric mobility. Key features of the initiative are:
- Total Investment: ₹423 crore
- Key Components: Production of combined charging units, e-axles, inverters, and motors—critical for next-gen four-wheeler EVs
- Annual Output Capacity: 203,043 units
- Funding Structure: Financed through a mix of equity and term loans, with spending distributed over three years
The facility will cater to both passenger and commercial electric vehicles, enhancing India’s ability to produce advanced, high-voltage powertrains domestically.
Strategic Joint Venture with Suzhou Inovance Automotive
Uno Minda’s investment plan is evolving into a powerful partnership. The project starts under Uno Minda Auto Innovations Pvt. Ltd., a wholly-owned subsidiary. After necessary regulatory approvals:
- JV Structure: Uno Minda will eventually hold a 70% equity stake, with Suzhou Inovance Automotive acquiring the remaining 30%
- Initial Phase: Uno Minda begins with 100% ownership, diluting to 70% after Inovance invests ₹114 crore over three years
This international collaboration blends Uno Minda’s strong domestic presence with Inovance’s advanced technical expertise, ensuring best-in-class solutions for India’s growing market.
Timeline and Market Impact
The greenfield plant is slated for commercial production by the second quarter of FY 2026-27.
- Production Launch: Q2 FY 2026-27
- Full Capacity Timeline: Targeted within three years of launch
- Anchor Orders: Uno Minda has already secured a major order for e-axles, offering a critical boost to the new facility from day one
Location is still being finalized, with a focus on proximity to key customers and efficiency in supply chain management.
Transforming India’s EV Component Ecosystem
This project is set to significantly strengthen Uno Minda’s role in India’s rapidly expanding EV sector. With demand for electric vehicles soaring, the plant:
- Positions Uno Minda as a preferred supplier for high-voltage EV powertrain solutions
- Supports India’s automotive transition toward locally manufactured, sustainable mobility technologies
- Brings together global knowledge and local manufacturing power
Ravi Mehra, Managing Director of Uno Minda Group, summed it up: this investment not only anchors Uno Minda’s future in electric mobility, but also brings world-class tech to Indian EV buyers.
Uno Minda’s ₹423 crore greenfield plant is a milestone for India’s EV manufacturing ecosystem—driving innovation, fostering collaboration, and boosting domestic capability at a pivotal time for the electric revolution