Pavna Industries forms joint venture with Taiwan based SmartChip Microelectronic Corporation

By Staff Report August 16, 2025 5:16 pm IST

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 venture’s operations in India. Pavna Industries Limited will hold 80% equity in the JV, while SMC will hold 20%.

Pavna Industries Limited, manufacturer of high-quality automotive components for diverse vehicle segments including passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles, has entered into a joint venture agreement with SmartChip Microelectronic Corporation (SMC), a Taiwan-based company. Together, they will undertake the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks, etc., in residential/commercial industries, aero, medical, etc.

SMC will contribute its present and future technical skills, innovations, and R&D capabilities in automotive e-lock systems, EV components like Motor Controller, Throttle Body, Dashboard for 2W & 3W, EV charging piles, and e-locking solutions for residential and commercial applications. SMC’s engineering and product development expertise will ensure the JV remains technologically advanced and globally competitive.

Commenting on the same, 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.”

About Pavna Industries Limited:

Pavna Industries Limited, formerly known as Pavna Locks Limited, was incorporated in April 19, 1994. The company is engaged in the business of manufacturing wide range of reliable and high-quality automotive parts for reputed OEMs serving different vehicle segments including passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles, and off-road vehicles. PAVNA is a well-established company in the South Asian automotive industry, with long history of innovation, technology, manufacturing and market leadership spanning over 50 years.

The company has its state-of-the-art manufacturing plants located strategically in Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), and Pantnagar (Uttarakhand). The upcoming plant is located in Hosur (Tamil Nadu). These plants are situated near the plants of its OEM customers, allowing for greater interaction and timely response to their requirements. It also has a diverse range of product portfolio which includes Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Switches, Oil Pump, Throttle Body, Fuel Cocks, Casting Components, and more. The company has a wide presence in the domestic as well as export markets, exporting to several countries like Italy, Sri Lanka, Indonesia, Sudan, the U.S.A. and Bangladesh. Apart from this, they are focused on customer customer-centric approach, catering to various esteemed Companies in the industry like Bajaj, Kawasaki, Honda, TVS, Mahindra, Escorts, Royal Enfield, Ashok Leyland, Mahindra Wheels, Eicher Motors, Tork Motors, Revolt, Mahindra Electric, etc.

PAVNA is committed to enhancing the product portfolio, improving the quality of products, and upgrading the manufacturing processes. This is achieved through a combination of in-house R&D capabilities, as well as joint ventures and technical collaborations with partners such as Sunworld Moto Industrial Co., an Indo-Taiwan joint venture Company.