skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Anand Group Sets Up JV With Mando Steering To Produce Parts for E- 2,3Ws

- Advertisement -
  • The new company named ANAND Mando eMobility Private Limited will be their second joint venture in India
  • ANAND Mando eMobility will deliver technologically enhanced products using Mando’s engineering capability
partnership
Pic Source – Wallpaper Flare

ANAND Group is setting up a joint venture company with Mando Steering Systems India Limited to manufacture and market Electric Vehicle (EV) components and systems for the two and three-wheeler applications. The new company named ANAND Mando eMobility Private Limited will be their second joint venture in India, a joint press release said.

ANAND Mando eMobility will deliver technologically enhanced products using Mando’s engineering capability. The ANAND Group will hold a majority stake of 60 PER CENT in the joint venture, the rest being with the Mando Steering.

The joint venture partners collaborated for the first time in 1997 by setting up Mando Automotive India Private Limited (MAIPL) to manufacture state-of-the-art brake systems. The relationship was further strengthened in 2012 when the ANAND Group acquired a stake in Mando Steering Systems India Limited.

- Advertisement -

The factory is being set up in Rajasthan to maximise the available ecosystem and incentives offered. It will be built in an area of about 60,000 sq. ft. with scope for future expansion and will employ about 350-450 people. A capital investment of more than Rs 50 crore is planned to be deployed in the areas of product engineering and testing and manufacturing equipment over a period of 3 years.

Anjali Singh, executive chairperson of ANAND Group, said, “ANAND Group is conscious about the current environmental challenges and is committed towards making the world a greener place to live. It is our continuous endeavour to partner with the best in the world and bring in pioneering technology to cater to the Indian OEMs.

ANAND Mando eMobility said that it aims to achieve a turnover of Rs 500 crore by 2025. The Hub Motor will be ready to be launched for two leading two-wheeler EV original equipment manufacturers (OEMs) by October 2021. The product launches will continue with the Center/Mid-Drive Motor in mid-2022 followed by a stream of variants thereafter.

- Advertisement -

Most Popular Articles

Honda, Nissan End $60B Merger Deal Amid Disagreements

0
Scrapping $60 billion merger talks, Nissan and Honda, despite setbacks, continue collaborating on tech while seeking new partnerships to survive. Nissan and Honda have called...

BYD Partners With DeepSeek For Smart Driver Assistance Tech

0
Challenging rivals like Tesla in China with competitive prices, BYD partners with AI firm DeepSeek to launch budget-friendly, advanced driver-assistance tech. Chinese electric vehicle...

Ola Electric Leads EV 2W Market

0
The EV 2W market in Q3 FY25 with a 25.5% share, ₹1,069 Cr revenue, 20.8% gross margin, 84,029 units delivered, new Gen 3 S1...

Modi’s US Visit, Talks With Trump And Elon Musk Focus On Trade And Tech

0
Meeting the President and Elon Musk, Modi's first US visit after Trump's return sparks key talks on semiconductor trade and AI while expanding Starlink...

Altair, LTTS Launch Advanced Wireless Tech Centre In Bengaluru

0
Powering innovation in telecommunications, smart factories, connected vehicles, and more, Altair and LTTS unveil an advanced 5G-6G centre of excellence in Bengaluru. Tech company...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...

Industry's Buzz

Honda, Nissan End $60B Merger Deal Amid Disagreements

0
Scrapping $60 billion merger talks, Nissan and Honda, despite setbacks, continue collaborating on tech while seeking new partnerships to survive. Nissan and Honda have called...

BYD Partners With DeepSeek For Smart Driver Assistance Tech

0
Challenging rivals like Tesla in China with competitive prices, BYD partners with AI firm DeepSeek to launch budget-friendly, advanced driver-assistance tech. Chinese electric vehicle...

Ola Electric Leads EV 2W Market

0
The EV 2W market in Q3 FY25 with a 25.5% share, ₹1,069 Cr revenue, 20.8% gross margin, 84,029 units delivered, new Gen 3 S1...

Modi’s US Visit, Talks With Trump And Elon Musk Focus On Trade And Tech

0
Meeting the President and Elon Musk, Modi's first US visit after Trump's return sparks key talks on semiconductor trade and AI while expanding Starlink...

Altair, LTTS Launch Advanced Wireless Tech Centre In Bengaluru

0
Powering innovation in telecommunications, smart factories, connected vehicles, and more, Altair and LTTS unveil an advanced 5G-6G centre of excellence in Bengaluru. Tech company...

Learn From Leaders

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...

Startups

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...