Pavna Industries Limited — Updates, 14-08-2025: Press Release

Pavna Industries has formed a Joint Venture with Taiwan's SmartChip Microelectronic Corporation (SMC) to develop and manufacture electronic components. This includes advanced e-lock systems and EV parts like motor controllers and charging piles for automotive and other sectors. Pavna will hold an 80% equity stake, leveraging its manufacturing and market expertise. SMC brings its technical and R&D capabilities. This strategic move aims to accelerate EV technology penetration in India and expand Pavna's presence in high-growth markets with innovative solutions.