Automobile

A German JV, focus on localisation and R&D: how UNO Minda is upping its EV component game

By Eduardo Saverin

From left, Sunil Bohra, group CFO and group chief procurement officer, UNO Minda Group; Nirmal K. Minda, chairman & managing director, UNO Minda Group; Amit Jain, CTO, UNO Minda Group; image credit: courtesy of UNO Minda Group

Synopsis

Gurugram-based UNO Minda Group sniffed a great business potential in EVs three years ago and started its electrification journey long before others. It is looking to enter the electric four-wheeler market this year and has started discussions with automakers for supplying EV components. But is the company doing enough to keep its early-mover advantage?

It’s still early days for electric vehicles (EVs) in India. Tata Motors has just on-boarded its 10,000th EV buyer a few months ago. Its rival Mahindra & Mahindra does not have any electric four-wheeler in its portfolio at present. Maruti Suzuki, India’s No. 1 carmaker, doesn’t want to go on an EV drive just yet. But when one asks any expert about what will shape the future of the Indian auto industry, the answer mostly comes in one word –

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Eduardo Saverin