Uno Minda Seeks to Buy Out German Partner Buehler Motor GmbH from EV Traction Motor JV

Uno Minda Limited plans to buy out its German partner, Buehler Motor GmbH, from their joint venture, Uno Minda Buehler Motor Private Limited, which manufactures traction motors for electric two- and three-wheelers, the company disclosed while seeking in-principal approval for the proposed acquisition.

Uno Minda Buehler Motor Private Limited, the target entity, is engaged in the manufacturing and production of traction motors for battery-powered electric two-wheelers and three-wheelers. The company specializes in electronically commutated DC motors and also deals with related machinery, engines, plants, and production equipment. Incorporated in December 2022, the company operates exclusively in India.

Financial data from audited statements reveal that the target company recorded a turnover of ₹516.13 lakhs in the financial year 2024–25 and ₹121.90 lakhs in 2023–24. Turnover details for 2022–23 are not available, as the entity was incorporated late in that period.

The proposed acquisition involves purchasing the stake from Buehler Motor GmbH. The transaction qualifies as a related-party transaction; however, the company has stated that it will be conducted on an arm’s-length basis. Uno Minda clarified that its promoters, promoter group, and group companies hold no direct interest in the target entity beyond beneficial shareholding.

The acquisition falls within the automotive components sector, which aligns with Uno Minda Limited’s core business operations. The company emphasized that the target’s line of business is not outside its main operational scope, suggesting strategic synergy.

No governmental or regulatory approvals are required for the transaction, according to the filing. However, key details such as the final acquisition cost, nature of consideration (cash or share swap), percentage of shareholding to be acquired, and the timeline for completion have not yet been determined. These will be finalized upon the final approval of the company’s Mergers and Acquisition Committee.

Further details regarding the background, product portfolio, and financial history of Uno Minda Buehler Motor Private Limited are based on the information disclosed under the initial filing points.

Uno Minda Limited, headquartered in Manesar, Haryana, is a leading player in the automotive components sector, with a diversified portfolio spanning lighting systems, electrical components, and engineered solutions.