ANAND Group, South Korea’s Mando Corp team up to produce, market electric vehicle components, Business Today

The JV plans to come with a manufacturing facility in Rajasthan which would employ about 350-450 people. A capital investment of over Rs 50 crore is planned to be deployed over a period of three years.

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

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.

ANAND GROUP, Mando Corp join hands to produce, market electric vehicle components, ETEnergyWorld.com

Both the companies have decided to leverage their existing synergies, capabilities, and experience to establish their second joint venture in the country – ANAND Mando eMobility Pvt Ltd, to manufacture and market electric vehicle (EV) components for the two and three-wheelers