Uno Minda shares in focus after JV with Inovance Automotive for high-voltage EV powertrain manufacturing

Uno Minda shares are in focus after signing a joint venture with Inovance Automotive to develop high-voltage EV powertrain products for vehicles. Inovance will acquire a 30% stake in Uno Minda Auto Innovations, converting it into a joint venture. The collaboration aims to strengthen Uno Mindas position in the electric vehicle market. The stocks target price is Rs 1,109.