Uno Minda Acquires Full Stake in EV Joint Venture From FRIWO

Uno Minda has announced the acquisition of the remaining 49.9% stake in its joint venture firm, UnoMinda EV Systems (UMEV), from partner FRIWO Geratebau GmbH for ₹195 crore. This move will increase Uno Minda’s ownership from 50.1% to 100%, strengthening its position in the Indian electric vehicle (EV) market.

Complete Ownership and Technology Integration

With this acquisition, Uno Minda, through its subsidiaries, will also obtain intellectual property rights and research & development (R&D) assets related to e-drive technologies from FRIWO’s facilities in Germany and Vietnam. The transaction is expected to be completed by the end of Q1FY26. This strategic move will enable Uno Minda to enhance its capabilities in EV systems and further develop advanced technologies for the Indian market.

Strengthening Position in the EV Sector

Uno Minda sees significant growth opportunities in India’s electric vehicle sector, particularly in the two-wheeler segment. Chairman and Managing Director Nirmal K. Minda expressed confidence that the acquisition and integration of e-drive technologies will bolster UMEV’s leadership in the industry. Established in December 2021, the joint venture has been instrumental in advancing EV technology, and the latest development will allow Uno Minda to capitalise on emerging opportunities.

UNO Minda Share Performance

As of February 17, 2025, at 9:15 AM, the shares of UNO Minda are trading at ₹899.00 per share, reflecting a decline of 0.80% from the previous closing price. Over the past month, the stock has declined by 16.96% and over the last year it has surged over 39%.

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