Uno Minda Completes Acquisition of Remaining Stake in EV Subsidiary

Uno Minda Limited has completed the acquisition of the remaining 49.90% stake in its electric vehicle subsidiary UnoMinda EV Systems Private Limited from German partner FRIWO Geratebau GmbH. The transaction, valued at Rs 141.28 crore, was announced on June 30, 2025.

The acquisition involved the purchase of 1,69,66,000 equity shares from FRIWO GmbH, bringing Uno Minda's total ownership in UnoMinda EV to 100%. The subsidiary has now become a wholly owned entity of the listed auto component manufacturer.

This transaction follows an earlier communication from the company dated February 14, 2025, indicating that the acquisition process was underway. The completion of this deal represents a consolidation of Uno Minda's electric vehicle operations under full ownership.

Uno Minda Limited is a prominent player in India's automotive component industry, manufacturing products ranging from switches and horns to security systems and EV components. The company operates from its corporate office in Manesar, Haryana, with its registered office located in Delhi's Wazirpur Industrial Area.

UnoMinda EV Systems focuses on electric vehicle components and solutions, positioning itself in India's growing electric mobility sector. The full acquisition allows Uno Minda to have complete control over the subsidiary's operations and strategic direction as the country's EV market continues to expand.

FRIWO Geratebau GmbH, the German company that sold its stake, is known for manufacturing power supply solutions and electronic components. The partnership between the two companies had been established to leverage FRIWO's technical expertise in the electric vehicle component space.

The transaction was signed by Tarun Kumar Srivastava, Company Secretary and Compliance Officer of Uno Minda Limited, and has been communicated to both the National Stock Exchange of India and BSE Limited as per regulatory requirements.