Uno Minda acquires full control of joint venture with Buehler
after close1 source ↓written by the desknot a recommendation
- in their joint
- 49.9% stake
- in its electric
- ₹40 crore
- cash consideration
- ₹10.64 lakh
Uno Minda has approved the acquisition of Buehler Motor’s 49.9% stake in their joint venture, Uno Minda Buehler Motor (UMBM), making it a wholly-owned subsidiary. The company will also invest ₹40 crore in its electric mobility arm, UnoMinda EV Systems (UMEVS). This acquisition is set to complete in Q4 FY26 for a cash consideration of ₹10.64 lakh.
This move strengthens Uno Minda's position in the electric vehicle sector, potentially enhancing its market share in battery-powered components.
Not investment advice. For informational purposes only.