UNO Minda Expands EV Plans with Buyout and Fresh Investments

UNO Minda increased by 1.02% to Rs 1318.35 following the company's announcement of several board approvals intended to enhance its role in automotive and EV components.

The board has approved the purchase of Buehler Motor GmbH's entire 49.9% interest in Uno Minda Buehler Motor for Rs 10.64 lakh, making the joint venture a wholly owned subsidiary. The company produces traction motors for electric two-wheeled and three-wheeled vehicles.

The current joint venture agreement between the two firms will be ended with the buyout. Uno Minda announced that the subsidiary will sign a revised technical licence agreement with Buehler, and the company does not anticipate any significant effects on operations after the dissolution of the JVs.

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The board has also sanctioned an investment of up to Rs 40 crore in UnoMinda EV Systems, its fully owned subsidiary that produces components specific to EVs. The funds will be provided in segments to assist the working capital requirements of the units.

The statement was issued following a board meeting that took place on 1 December 2025.

UNO Minda is a worldwide technology pioneer in the production of auto components and systems, providing supplies to prominent OEMs globally. It creates and produces more than 28 types of parts and systems for vehicles in all segments (passenger cars, commercial vehicles, two- and three-wheelers) serving both internal combustion engines (ICE) and electric/hybrid vehicles.

It stands as a top producer of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, and alloy wheels. It holds a leading position in nearly all the products it produces