UNO Minda Limited has taken significant steps to reinforce its position in India’s growing electric mobility landscape, with its board approving two major strategic actions aimed at consolidating and expanding its EV-focused operations.
In a key move, the company will acquire Buehler Motor GmbH’s 49.90% stake in the joint venture UNO Minda Buehler Motor Private Limited. The stake purchase, valued at ₹10.64 lakh, will make the entity a wholly owned subsidiary of UNO Minda. Following this acquisition, the company will also terminate its joint venture agreement with Buehler Motor GmbH, giving UNO Minda complete control over the business and its future direction.
Alongside the consolidation, UNO Minda announced a substantial investment commitment of up to ₹40 crore in its dedicated EV arm, UNO Minda EV Systems. The capital infusion is intended to support working capital requirements as the subsidiary accelerates production of electric vehicle components, with a strong focus on the rapidly expanding two-wheeler and three-wheeler EV segments.
These decisions are part of the company’s broader plan to streamline its EV business structure and advance capacity building across key product lines that cater to the fast-growing electric mobility ecosystem. With increasing demand for electric vehicle components in India, UNO Minda’s strengthened operational control and targeted investment are poised to enhance its competitiveness and support its long-term growth ambitions in the EV sector.
