ANAND GROUP and Mando set up JV to tap electric 2-, 3W parts market, Autocar Professional

Published On: 28th July, 2021

The multi-company Anand Group and Mando Corporation are to set up a new joint venture called ANAND Mando eMobility, aimed at tapping the growing market for two- and three-wheeler powertrain electrification. The ANAND GROUPp will hold a majority stake of 60% in the JV, with Mando Corporation the balance 40%. This will be the second JV between the two component manufacturers.