Uno Minda Limited’s board has approved the acquisition of the remaining 49.90% equity stake in Uno Minda Buehler Motor Private Limited (UMBM), making it a wholly-owned subsidiary. The board also approved further investment of up to INR 40 Crores in UnoMinda EV Systems Pvt. Ltd. (UMEVS). These decisions aim to bolster Uno Minda’s position in the EV market and streamline operations.
UMBM to Become Wholly-Owned Subsidiary
Uno Minda Limited has received board approval to acquire the entire 49.90% equity stake held by Buehler Motor GmbH in their joint venture, Uno Minda Buehler Motor Private Limited (UMBM). Following the acquisition, UMBM will become a wholly-owned subsidiary (WOS) of Uno Minda Limited. The acquisition is expected to be completed in Q4 FY26.
Termination of Joint Venture Agreement
Concurrently with the acquisition, the existing Joint Venture Agreement between Uno Minda Limited and Buehler will be terminated. In conjunction with this, UMBM will enter into an amended and restated Technical License Agreement (TLA) with Buehler.
Investment in UnoMinda EV Systems
The board has also approved further investment in the equity share capital of UnoMinda EV Systems Pvt. Ltd. (UMEVS), a wholly-owned subsidiary of the company, for an amount up to INR 40 Crores. This investment will be made in one or more tranches and is expected to be completed by Q1 FY27. UMEVS is focused on manufacturing EV-specific components and systems for electric 2W and 3W vehicles.
Financial Details
The cost of acquisition for UMBM is INR 10,64,367 for 1,18,26,300 Equity Shares. UMBM’s turnover for the last three financial years is as follows:
- 2024-25: INR 516.13 Lakhs
- 2023-24: INR 121.90 Lakhs
About UMBM
UMBM is engaged in the business of manufacturing traction motors for battery-driven electrified two and three-wheelers. It was incorporated on December 12, 2022.
Source: BSE
