Uno Minda has received in‑principal board approval to acquire equity stake in one or more tranches in Uno Minda Buehler Motor Pvt. Ltd., a joint venture with Buehler Motor GmbH focused on electric‑vehicle traction motors.
Incorporated in December 2022, the JV manufactures electronically commutated DC motors for electric two‑ and three‑wheelers. Uno Minda holds a 50.1 percent stake, with Buehler holding 49.9 percent. Buehler has expressed intent to dilute or exit its holding.
The anticipated transaction will be at arm’s length and structured as a related‑party deal. However, the final stake percentage, consideration method (e.g., cash or share swap), and timeline remain undecided and await approval from the M&A Committee. Regulatory approvals are not required.
The JV is based in Bawal, Haryana, where a traction‑motor assembly facility began operations in August 2023, including manufacturing and R&D work in collaboration with two‑wheeler manufacturers.
Uno Minda produces a broad range of automotive components—including switches, lighting, acoustics, seating systems—and operates multiple manufacturing facilities in India and abroad. It has engaged in various joint ventures and technological collaborations across the automotive ecosystem.
