Pavna Industries Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "Pavna Industries Limited forms JV with Taiwan based SmartChip Microelectronic Corporation (SMC)".
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Pavna Industries has entered into a joint venture with SmartChip Microelectronic Corporation (SMC), a Taiwan-based semiconductor and electronic design company. The JV will focus on manufacturing electronic components for the automobile industry (ICE and EV), including e-lock systems, motor controllers, throttle bodies, dashboards for 2W and 3W vehicles, and EV charging piles. Applications will also extend to residential, commercial, aero, and medical sectors. Pavna will hold 80% equity in the JV while SMC will hold 20%, with Pavna providing manufacturing and market expertise and SMC contributing technology, R&D, and innovation capabilities.
This is a strategic move that positions Pavna to tap into the growing EV and smart electronics segments in India, potentially expanding its product portfolio and revenue streams. The majority ownership (80%) ensures Pavna retains control while gaining access to advanced semiconductor technology from a Taiwanese partner, which could be viewed positively by the market.