DSK Legal acts on Uno Minda - Inovance Automotive JV

Uno Minda Limited has secured the approval under Press Note 3 (PN3) from the Government of India for its proposed joint venture with Inovance Automotive.

The proposed investee, Uno Minda Auto Innovations Pvt. Ltd., a wholly owned subsidiary of Uno Minda incorporated specifically for the joint venture, received investment from Inovance Automotive (HK), a subsidiary of China’s Suzhou Inovance Automotive.

DSK Legal advised and represented Uno Minda on this transaction. Given the heightened regulatory sensitivity surrounding Chinese investments under PN3, the transaction underwent extensive scrutiny by multiple governmental and security agencies. The matter involved significant legal, regulatory and structural complexity, including coordination of extensive cross-border documentation, beneficial ownership disclosures, security clearances, sanctions compliance undertakings, valuation certifications and detailed transactional explanations.

The transaction was led by Ajay Shaw (Partner), Samir Malik (Partner) and Gaurav Mistry (Partner), with assistance by Akanksha Tiwary (Associate Partner), Riddhi Thakker (Principal Associate) and Manav Asrani (Senior Associate).

Mahip Singh (Associate Partner) acted as the engagement and relationship partner for the transaction.

Uno Minda is one of India’s leading Tier-1 automotive component manufacturers, focused on advanced EV powertrain technologies, including inverters, e-axles, motors, combined charging systems and other high-voltage components for passenger and commercial vehicle OEMs in India.

Inovance Automotive is a leading Chinese electric vehicle powertrain technology company.

The DPIIT approval dated 19 June 2026 permits Inovance Automotive to invest in Uno Minda.

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