![Uno Minda shares soar 19% to hit record high on deal with Chinese firm](https://images.assettype.com/fortuneindia%2F2023-01%2F746752bf-b130-4b9c-b475-b6f2f85e8645%2FUNO_Minda_0967_copy__1_.jpg?rect=0,0,5616,2808&w=300&q=95)
Uno Minda shares soar 19% to hit record high on deal with Chinese firm
Uno Minda partners with China's Suzhou lnovance Automotive Co to manufacture high voltage electric vehicle products for passenger and commercial vehicles in India
Uno Minda partners with China's Suzhou lnovance Automotive Co to manufacture high voltage electric vehicle products for passenger and commercial vehicles in India
Auto ancillaries sector grew 33% to Rs 5.59 lakh crore in FY23
The company is targeting to achieve ₹1500 crore in revenue from EV systems by FY26
Uno Minda seeks to tap the A and B-segment passenger vehicles segment—where the transition is yet to take place, and where the company has a significant presence.