Uno Minda to Acquire 49.9% Stake in Buehler, Uncover Full Ownership of EV Joint Venture UMBM
Share market
C
CNBC Awaaz•01/12/2025
Uno Minda to Acquire 49.9% Stake in Buehler, Uncover Full Ownership of EV Joint Venture UMBM
- •Uno Minda to acquire 49.9% stake of Buehler Motor GmbH.
- •UMBM will become a wholly-owned subsidiary of Uno Minda.
- •The joint venture agreement with Buehler will be terminated.
- •Uno Minda to invest up to ₹40 crore in subsidiary UMEVS.
- •Uno Minda reported a 24% increase in net profit for the September quarter.
Why it matters: This affects investment opportunities and growth in India's electric vehicle industry.
✦
Related Articles
Loading more articles...
