Mumbai, May 2 -- The company will produce components such as combined charging units, e-axles, inverters and motors.

The project will initially be executed through the company's wholly-owned subsidiary, Uno Minda Auto Innovations Private Limited. Subsequently, subject to necessary regulatory approvals, this entity will be converted into a joint venture company with Suzhou lnovance Automotive Co. Ltd. (lnovance Automotive). Upon conversion, Uno Minda will eventually hold a 70% equity stake in the joint venture. The company is evaluating the location for the plant basis the proximity to the customer and other investment benefits.

Uno Minda has already secured e-axle order from a key anchor customer. The total project cost is estimated at ...