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Minda Corporation partners with Sanco, China, to develop EV connection systems in India for local production.
Minda Corporation Limited has partnered with China's Sanco Connecting Technology to develop electric vehicle (EV) connection systems in India.
This technology licensing agreement will focus on localizing production of key components, including charging assemblies and power distribution units.
The collaboration aims to enhance Minda's role in the EV supply chain and support Sanco's market expansion in India.
Minda also reported a 42% profit increase in Q1 FY25.
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Minda Corporation se asocia con Sanco, China, para desarrollar sistemas de conexión EV en la India para la producción local.