TL;DR
Uno Minda will take full control of its joint venture with Buehler Motor, investing ₹40 crore into its EV arm to bolster component manufacturing.
Indian automotive component manufacturer Uno Minda has announced its decision to take full control of its joint venture with Buehler Motor, a German specialist in DC motors. This strategic move involves an investment of ₹40 crore into its electric vehicle (EV) arm, signaling Uno Minda's deepened commitment to the burgeoning EV components market. The acquisition is expected to streamline operations and accelerate product development within its EV division.
By consolidating its ownership, Uno Minda aims to enhance its capabilities in manufacturing critical EV components, including motors and other related technologies. This move aligns with the increasing demand for localized EV parts in India and the government's push for indigenous manufacturing. The increased investment is anticipated to strengthen Uno Minda's position as a key supplier in the electric mobility ecosystem.
