Upcoming 1:10 Stock Split! Auto Stock Steps Up In EV & Mobility Tech With Taiwan JV

Pavna Industries Limited, one of the leading manufacturers of automotive components, has issued a joint strategic venture (JV) with SmartChip Microelectronic Corporation (SMC) based in Taiwan in a bid to increase focus in the automotive and allied sectors. The joint venture will be targeted towards the design and production of sophisticated electronic parts of internal combustion engine (ICE) vehicles and electric vehicles (EVs), alongside hardware solutions for locks used in residential, commercial, aerospace, and medical sectors.

Pavna Industries will be in charge of India-based joint venture operations and will use its strong background in manufacturing, procurement, and knowledge of the domestic automotive industry. SmartChip Microelectronic will provide its innovations and know-how in the Exe-locked products, motor controllers, throttle bodies and dashboards for two- and three-wheelers, EV charging piles, and electronic locking solutions for residences and commercial establishments. This ensures that the joint venture will be technologically advanced and retain its edge in the global market.

"Under the agreement, Pavna will bring its operational, manufacturing, and procurement expertise, as well as its deep understanding of the Indian automotive market, to oversee and manage the JV's operations in India," the company said in a statement.
Pavna Industries has been assigned an 80% stake of the entity alongside 20% from SmartChip Microelectronic.

Mr. Swapnil Jain, Managing Director, Pavna Industries Limited, said "This strategic partnership is an important milestone on our path to emerging as a mobility solutions leader in advanced technologies. By merging Pavna's manufacturing and market capabilities with SMC's state-of-the-art electronics knowledge, we expect to speed up the penetration of EV technologies in India as well as grow into new high-growth markets. With this partnership, we will also further enhance our capacity to serve domestic and global markets with innovative, dependable, and sustainable solutions."

Recently on August 08, the Board of Directors also approved Monday, 01 September, 2025 as the record date for the purpose of sub-division of one (1) equity share of face value of Rs. 10/- (Rupees Ten only) each into ten (10) equity shares of face value of Re.1/- (Rupee One only) each.

On April 19, 1994, Pavna Industries Limited-previously known as Pavna Locks Limited-was formed. For reputable OEMs catering to various vehicle categories, such as passenger, two-wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles, the firm manufactures a broad range of reliable and high-quality automobile parts. With more than 50 years of invention, technology, manufacture, and market leadership, PAVNA is a reputable firm in the South Asian automotive sector.