- Dana (NYSE:DAN) announced plans for a 4,600 square-meter facility in Pune, India, that will produce Dana TM4 low- to high-voltage electric motors, inverters, and vehicle control units.
- Dana TM4 is a joint venture between Dana Incorporated and Hydro-Québec, Canada's largest electricity producer and one of the world's largest hydroelectric power producers.
- Scheduled to open later this year, the facility will supply technologies to manufacturers for a variety of electrified vehicle applications, including buses and trucks. With the addition of electric motors, inverters, and vehicle control units to Dana's current capabilities in India, the company is poised to serve as a preferred supplier with in-house capabilities to deliver complete and fully integrated e-Propulsion systems to OEM customers across all mobility markets.