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Automobile components manufacturer Uno Minda Ltd.has announced on Monday, December 1, that it will buy out the stake of its German partner, Buehler Motor GmbH, from their joint venture, Uno Minda Buehler Motor Private Limited (UMBM), giving the company full ownership of the EV traction-motor manufacturer.
In an exchange filing, the auto components major said its board has approved the acquisition of Buehler Motor GmbH’s entire 49.9% stake in their joint venture, picking up 1.18 crore shares for ₹10.64 lakh, making the company a wholly owned subsidiary.
UMBM, incorporated in December 2022, manufactures traction motors for battery-powered two- and three-wheelers, a critical component for India’s growing electric mobility segment. The unit posted a turnover of ₹5.16 crore in FY25, up from ₹1.22 crore the previous year.
The company and Buehler will also terminate their existing joint venture agreement, though UMBM is set to enter a new amended technical licence agreement with the German partner to retain access to product know-how.
Uno Minda said the buyout and JV termination will not have any material adverse impact on business operations. The deal is expected to close by the fourth quarter of FY26.
Separately, the board cleared an infusion of up to ₹40 crore into its wholly owned subsidiary Uno Minda EV Systems Pvt. Ltd. (UMEVS), which focuses on EV components manufacturing. The investment will be made in one or more tranches by the first quarter of FY27.
Incorporated in December 2021, turnover of UMEVS for FY25 was ₹381.98 crore, up from ₹186.68 crore in FY24 and ₹267.57 crore in FY23
Uno Minda Ltd reported a consolidated net profit of ₹304 crore in the September quarter, marking a 24% year-on-year increase from ₹245 crore in the same period last year. Its revenue grew 13% to ₹4,814 crore, compared with ₹4,245 crore a year ago.
The automotive components manufacturer's EBITDA rose 14% year-on-year to ₹551 crore, while operating margins remained steady at 11.5% versus 11.4% in the year-ago quarter, indicating continued operational efficiency.
Shares of Uno Minda are off the highs of the day, currently trading 0.2% higher at ₹1,310.4. The stock is up 24% so far in 2025.
In an exchange filing, the auto components major said its board has approved the acquisition of Buehler Motor GmbH’s entire 49.9% stake in their joint venture, picking up 1.18 crore shares for ₹10.64 lakh, making the company a wholly owned subsidiary.
UMBM, incorporated in December 2022, manufactures traction motors for battery-powered two- and three-wheelers, a critical component for India’s growing electric mobility segment. The unit posted a turnover of ₹5.16 crore in FY25, up from ₹1.22 crore the previous year.
The company and Buehler will also terminate their existing joint venture agreement, though UMBM is set to enter a new amended technical licence agreement with the German partner to retain access to product know-how.
Uno Minda said the buyout and JV termination will not have any material adverse impact on business operations. The deal is expected to close by the fourth quarter of FY26.
Separately, the board cleared an infusion of up to ₹40 crore into its wholly owned subsidiary Uno Minda EV Systems Pvt. Ltd. (UMEVS), which focuses on EV components manufacturing. The investment will be made in one or more tranches by the first quarter of FY27.
Incorporated in December 2021, turnover of UMEVS for FY25 was ₹381.98 crore, up from ₹186.68 crore in FY24 and ₹267.57 crore in FY23
Uno Minda Ltd reported a consolidated net profit of ₹304 crore in the September quarter, marking a 24% year-on-year increase from ₹245 crore in the same period last year. Its revenue grew 13% to ₹4,814 crore, compared with ₹4,245 crore a year ago.
The automotive components manufacturer's EBITDA rose 14% year-on-year to ₹551 crore, while operating margins remained steady at 11.5% versus 11.4% in the year-ago quarter, indicating continued operational efficiency.
Shares of Uno Minda are off the highs of the day, currently trading 0.2% higher at ₹1,310.4. The stock is up 24% so far in 2025.
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