Prøve GULL - Gratis
EV portfolio to drive Uno Minda growth
Business Standard
|June 07, 2024
The stock of auto component maker Uno Minda jumped 13 per cent on Thursday after it announced a technical licensing agreement with ChinaInovance based Suzhou Automotive Company.
The company will develop, manufacture, and sell four-wheeler electric powertrain products. Over a one month period, the gains extended to 33 per cent given the better than expected fourth-quarter results in 2023-24 (Q4 FY24).
The immediate trigger for the stock is the technical collaboration with the Chinese company for the manufacture and sale of select high-voltage category electric vehicle products for passenger and commercial vehicles in India. The range of EV products includes the charging control unit, inverter, motors, and three-in-one electric drive systems (e-axle).
The management highlighted that the partnership would significantly expand Uno Minda's e-4W product portfolio, enabling it to effectively cater to the growing Indian EV market. The company is seeking to convert the technical collaboration into a joint venture, going ahead.
Denne historien er fra June 07, 2024-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
Divisions in Federal Reserve underscore challenge for Trump’s next chair
US President Donald Trump wants significantly lower borrowing costs and has been clear that he expects his pick to replace Jerome H Powell as chair of the Federal Reserve to follow through.
2 mins
December 12, 2025
Business Standard
₹ hits new low on outflows, delay in US trade deal
The rupee hit a fresh closing low of 90.37 per dollar on Thursday, pressured by foreign outflows from both bonds and equities. Uncertainty around the trade deal with the US also weighed on sentiment.
2 mins
December 12, 2025
Business Standard
Pension parking lot expanded to gold, AIFs, Invits
Unlocking the flow of annual retirement savings worth about ₹1 trillion into a wider range of assets Unlocking the flow of annual retirement savings worth about ₹1 trillion into a wider range of assets, including alternative investment funds (AIFs), equities, gold and silver exchange traded funds (ETFs), infrastructure investment trusts (Invits) and Basel-III tier-I bonds issued by state-owned shadow banks, the Pension Fund Regulatory and Development Authority (PFRDA) has significantly liberalised its investment guidelines for the National Pension System (NPS).
3 mins
December 12, 2025
Business Standard
Mexico slaps up to 50% tariff on imports from India, China
Engg goods account for 61% of India's $5.75 bn exports to North American nation
2 mins
December 12, 2025
Business Standard
Insurance firms still negotiating with distributors on commission revisions
Life insurers have formed committee to discuss the capping of distributor commission
2 mins
December 12, 2025
Business Standard
IndiGo to offer ₹10,000 travel vouchers to impacted Dec 3-5 flyers
India's largest airline, IndiGo, hit by major operational disruption last week, on Thursday said it would offer travel vouchers worth ₹10,000 to passengers who were stranded for several hours at some airports between December 3 and December 5.
2 mins
December 12, 2025
Business Standard
AI firms may need to pay global revenue share to content creators
The government is likely to propose that companies using data from Indian content creators to train their artificial intelligence (AI) systems and large language models (LLMs) share a portion of their global revenues as royalties once these services are commercialised, a senior government official has said.
2 mins
December 12, 2025
Business Standard
AI-driven growth of TCS makes its M&A strategy more aggressive
Even as Tata Consultancy Services (TCS) on Wednesday announced one of its largest ever acquisitions, the market reaction remained subdued.
2 mins
December 12, 2025
Business Standard
State to table 2nd edition of Jan Vishwas Bill
‘The Chhattisgarh government will bring out the second edition of the Jan Vishwas Act, which decriminalises minor offences by replacing prison terms with fines to facilitate investment and a business-friendly atmosphere.
1 min
December 12, 2025
Business Standard
Risk factor
Railways too must carefully assess duty hours
2 mins
December 12, 2025
Listen
Translate
Change font size