The products, which would be produced, include charging control unit, inverter, motors and electric drive systems, it added.
"Similar to our success in electric-two wheeler segment, we are building a strong portfolio for electric four wheeler vertical," Uno Minda Group CMD Nirmal K Minda stated.
The company aims to further strengthen the partnership by transitioning it into a joint venture, subject to necessary approvals, it added.
Founded in 2003, lnovance is a leading provider of products and solutions to various segments, including rail transit and new-energy vehicles (NEV).
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