Minda Corp signs licensing deal with China's Sanco to enter EV market

06 Sep 2024 CW Team

Minda Corporation, an auto components maker, announced on Wednesday that it has entered into a technology licensing agreement with Sanco Connecting Technology, a leading Chinese company in electric vehicle (EV) connection systems. This partnership is aimed at providing electrical distribution systems solutions for the EV market in India.

Under this agreement, the two companies will collaborate to locally develop various EV components, including connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU), and battery distribution units (BDU). Minda Corp stated that this collaboration would strengthen its product offerings in the rapidly growing EV industry, particularly in the area of Electrical Distribution Systems (EDS).

Aakash Minda, Executive Director of Minda Corporation, emphasized that the partnership would allow the company to offer advanced EV solutions across different vehicle segments, thereby increasing the overall value of its products. He also expressed a commitment to achieving successful localization, which would ultimately provide greater value to their customers.

Zhijian Zeng, Chairman of Sanco Connecting Technology, mentioned that the company selected Minda Corporation as a strategic partner to expand its global reach. He noted that this collaboration would significantly enhance Sanco's presence in India's growing EV market. Zeng also highlighted that by leveraging Minda Corporation's strong relationships with global automakers and its robust local production and engineering capabilities, Sanco aims to deliver high-quality, technology-driven solutions to Indian original equipment manufacturers (OEMs).

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..