5 days ago
Pavna Industries forms JV with Taiwan's SMC to boost EV, e-lock tech in India
Aligarh-based
Pavna Industries
has entered into a joint venture with Taiwan's
SmartChip Microelectronic Corporation
(SMC) to manufacture advanced electronic components for the automotive industry and other sectors in India.
Under the agreement, Pavna will hold 80 per cent equity and lead operations, while SMC will hold the remaining 20 per cent, bringing in R&D capabilities for automotive e-lock systems, EV components such as motor controllers, throttle bodies, dashboards for two- and three-wheelers, and EV charging piles.
The partnership aims to accelerate EV technology penetration in India and expand into high-growth markets such as residential and commercial electronic locking solutions, said the official press release.
'This strategic partnership is an important milestone on our path to emerging as a mobility solutions leader in advanced technologies,' said Swapnil Jain, Managing Director, Pavna Industries.
Pavna, which supplies to OEMs including Bajaj, Honda, TVS, Mahindra, and Royal Enfield, operates manufacturing plants in Uttar Pradesh, Maharashtra, and Uttarakhand, with a new facility coming up in Tamil Nadu.
