Padmini VNA Mechatronics and Vitesco Technologies have signed a definitive agreement on 1st July 2020 to create a joint venture, named PV Clean Mobility Technologies, that will develop, market and distribute Hybrid & EV Products and Thermal Management Systems in high-growth emerging markets in India and around the world.
Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. Vitesco Technologies formerly (until September 2019) the Continental Powertrain Division, brings together the full spectrum of Continental’s drivetrain technology expertise.
Proceeding with our focused development and technologies, Padmini VNA Mechatronics pools its resources and expertise through this JV with a strong perspective of business expansion, development of new products and moving into new markets.
Padmini VNA and Vitesco formed a joint venture with both companies owning a 50 percent of share each. The headquarters of PV Clean Mobility established in Dhankot Gurugram while another plant is located in Pune City.