Partnership to Boost Local Manufacturing of Advanced Electrical Distribution Systems for EVs
NEW DELHI (Economy India): Minda Corporation, a leading player in the automotive components industry, has signed a strategic technology licensing agreement with China’s Sanco Connecting Technology. The collaboration will enable the local design, development, and manufacturing of advanced Electrical Distribution Systems (EDS) for electric vehicle (EV) customers in India, positioning both companies to capitalize on the rapidly growing EV market.
Enhancing Local EDS Solutions
Minda Corporation’s partnership with Sanco marks a significant milestone in its efforts to deliver high-quality, locally-produced EV components. The collaboration focuses on developing key EV systems such as:
- Charging gun assemblies
- Bus bars and cell contact systems
- Power Distribution Units (PDU)
- Battery Distribution Units (BDU)
This will further reinforce Minda Corporation’s capabilities in the EV supply chain and strengthen its Wiring Harness Division, making it a more integral part of India’s evolving EV ecosystem.
A Commitment to Innovation and Localization
Aakash Minda, Executive Director of Minda Corporation, highlighted the importance of this collaboration. “This partnership signifies our shared commitment to offering innovative and sustainable mobility solutions for the growing electric vehicle industry,” Minda said. “By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localization, delivering greater value for our customers.”
This collaboration is expected to position Minda Corporation as a leader in providing customized EDS solutions tailored to the unique needs of India’s EV sector.
Strengthening Global Presence
Zhijian Zeng, Chairman of Sanco Connecting Technology, emphasized the strategic nature of the partnership, stating, “Sanco has chosen Minda Corporation as a strategic partner to expand our global footprint. This collaboration will significantly boost Sanco’s presence in India’s expanding EV market. By leveraging Minda Corporation’s strong relationships with global automakers and extensive local production and engineering capabilities, we aim to deliver world-class, technology-backed solutions to Indian OEMs.”
Bolstering India’s EV Infrastructure
The agreement will also improve the vertical integration capabilities of Minda Corporation’s Wiring Harness Division, positioning the company as a key player in the EV supply chain. The move aligns with India’s goal of enhancing the localization of EV production, reducing reliance on imports, and building a robust domestic EV infrastructure.
As the electric vehicle industry grows in India, partnerships like this one between Minda Corporation and Sanco will play a crucial role in accelerating the development and adoption of EV technologies.
