UNO Minda acquires full stake in EV joint venture
after close1 source ↓written by the desknot a recommendation
- in its joint
- 49.90% stake
- into UnoMinda EV
- ₹40 crore
UNO Minda has acquired the remaining 49.90% stake in its joint venture with Buehler Motor GmbH, making it a wholly owned subsidiary. The company will also invest up to ₹40 crore into UnoMinda EV Systems Pvt. Ltd. to enhance its electric vehicle capabilities. This move aims to strengthen its position in the growing EV components market. ⚡
Not investment advice. For informational purposes only.