Lumax Auto signs MOU with Ananda Drive Techniques to make motors, controllers for EVs

Corporate developments

Companies plan to set up a manufacturing facility in India towards the end of FY 2020-21

India-based Lumax Auto Technologies Limited has signed a Memorandum of Understanding (MOU) with Ananda Drive Techniques, China to manufacture powertrain products for electric vehicles (EV) including automotive motors and controllers, according to a regulatory filing by Lumax on 7 February.

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