TL;DR
Uno Minda's Chairman advocates for India to collaborate with China on EV technology for the next 5-10 years to accelerate domestic manufacturing and technological advancement.
The Chairman of Uno Minda, a prominent automotive components manufacturer, has stressed the critical need for India to collaborate with China on electric vehicle (EV) technology over the next five to ten years. This perspective emerges amidst India's ambitious push towards EV adoption and the global leadership of Chinese firms in battery and powertrain technologies. The collaboration, as suggested, would focus on acquiring advanced expertise and fostering cost-effective domestic production.
Uno Minda itself has initiated a joint venture with a Chinese electric drive systems manufacturer to produce high-voltage EV powertrain components in India, including e-axles, motors, inverters, and charging units. This strategic alliance aims to bring new technology to India that can be localized and developed efficiently, addressing the challenge of domestic manufacturing capabilities and global supply chain dependencies, especially concerning critical components like rare-earth permanent magnets.
