Pavna Industries has formed a Joint Venture with Taiwan's SmartChip Microelectronic Corporation (SMC) to develop and manufacture electronic components.

Pavna Industries LimitedPAVNAIND · Filed with the exchange

This includes advanced e-lock systems and EV parts like motor controllers and charging piles for automotive and other sectors.

Pavna will hold an 80% equity stake, leveraging its manufacturing and market expertise.

SMC brings its technical and R&D capabilities.

This strategic move aims to accelerate EV technology penetration in India and expand Pavna's presence in high-growth markets with innovative solutions.

Read the original filing(PDF)

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