Uno Minda Limited has announced major strategic actions to strengthen its EV (electric vehicle) systems business. In a board meeting held on Monday, December 1, 2025, the company approved the acquisition of Buehler Motor GmbH’s entire 49.90% stake in Uno Minda Buehler Motor Private Limited (UMBM), making it a wholly owned subsidiary. The update was disclosed through an exchange filing.
UMBM becomes a fully owned subsidiary
Uno Minda will now hold 100% equity in UMBM after purchasing Buehler’s 49.90% stake, comprising 1,18,26,300 shares, for a cash consideration of Rs 10,64,367. UMBM manufactures traction motors for battery-powered two-wheelers and three-wheelers.
(Details: Page 2–3 of the official document)
The JV Agreement with Buehler will now be terminated. However, Buehler will continue to offer technical support through an amended and restated Technical License Agreement (TLA). The company stated that the termination will have no material impact on business operations.
(Reference: Page 4–5)
Rs 40 crore fresh investment in UnoMinda EV Systems
The Board has also approved an investment of up to Rs 40 crore in UnoMinda EV Systems Pvt. Ltd. (UMEVS), its wholly owned subsidiary focused on EV-specific components and systems for 2W and 3W electric vehicles.
(Reference: Page 6–7)
UMEVS has shown rapid growth, with turnover rising sharply over the last three years:
- FY25: Rs 38,198.23 lakh
- FY24: Rs 18,668.47 lakh
- FY23: Rs 2,675.65 lakh
The additional funding will support the working capital needs of the expanding EV systems business.
Why this matters
The stake buyout and capital infusion underline Uno Minda’s strategic push into the EV component ecosystem—a space witnessing accelerated demand as 2W and 3W electrification gains momentum in India.
These decisions are expected to help Uno Minda:
- Consolidate ownership in key EV motor technologies
- Strengthen supply chain integration
- Support scale-up of high-growth EV components business segments
The company confirmed that no regulatory approvals were required for these actions and expects the acquisition to be completed by Q4 FY26, while the EV investment is planned for Q1 FY27.
