Uno Minda strengthens EV business with subsidiary acquisitions, investments

Uno Minda's board of directors, in a meeting on December 1, 2025, approved the acquisition of the entire 49.90% equity stake held by Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited (UMBM). This acquisition, costing INR 10,64,367 for 1,18,26,300 equity shares, will make UMBM a wholly-owned subsidiary. UMBM manufactures traction motors for electric two- and three-wheelers, reporting turnovers of INR 516.13 Lakhs in FY2024-25 and INR 121.90 Lakhs in FY2023-24. The acquisition is expected to be completed by Q4 FY26.

The existing joint venture agreement between Uno Minda and Buehler will be terminated, with a new amended and restated technical license agreement (TLA) to be executed. The company confirmed no material impact on its business due to the termination.

Additionally, Uno Minda will invest up to INR 40 Crores into UnoMinda EV Systems Pvt. Ltd. (UMEVS), its wholly-owned subsidiary specializing in EV-specific components for electric 2W and 3W vehicles. UMEVS had a turnover of INR 38,198.23 Lakhs in FY2024-25 and INR 18,668.47 Lakhs in FY2023-24. This investment aims to support UMEVS's working capital requirements, with completion anticipated by Q1 FY27.