Uno Minda to acquire Buehler's 49.9% stake, terminate JV, boost EV investments amid profit surge
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CNBC TV18•01/12/2025
Uno Minda to acquire Buehler's 49.9% stake, terminate JV, boost EV investments amid profit surge
- •Uno Minda to buy out Buehler's 49.9% stake in JV.
- •UMBM will become a wholly owned subsidiary of Uno Minda.
- •UMBM manufactures traction motors for EV two- and three-wheelers.
- •Uno Minda to invest up to ₹40 crore in its EV subsidiary UMEVS.
- •Uno Minda reported a 24% increase in net profit for the September quarter.
Why it matters: This impacts electric vehicle growth and investment opportunities in India.
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