UNO Minda Limited — Important, 17-02-2025: Agreements

Uno Minda Limited has executed a Joint Venture Agreement with Suzhou Innovance Automotive Co. Ltd and Uno Minda Auto Innovations Pvt. Ltd. The collaboration is aimed at developing and manufacturing high-voltage products for the four-wheeler passenger vehicles (4W PV) and commercial vehicles (CV) electric vehicle powertrain sector, including combined charging units, E axles, inverters, and motors. This agreement positions Uno Minda strategically within the growing EV market, enhancing its product offerings and technological capabilities. Investors should monitor this development closely, as it may drive future growth and competitive positioning in the rapidly evolving electric vehicle landscape.