Uno Minda’s Vietnam e-Drives Asset Acquisition from Friwo Still Underway, Completion Expected by July 22

Uno Minda Limited has provided an update regarding its ongoing acquisition of e-Drives business assets in Vietnam from Friwo. In a regulatory filing addressed to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), the company stated that the transaction is still underway and is on track for completion by or before July 22, 2025.

This update follows an earlier communication dated July 2, 2025, and aims to keep stakeholders informed of the progress. The acquisition is seen as a strategic move to strengthen Uno Minda’s presence in the electric mobility components segment.

The company confirmed that further developments will be communicated in due course.

Uno Minda Limited, previously known as Minda Industries Limited, is a Tier-1 supplier of automotive components and systems, serving original equipment manufacturers (OEMs) in India and globally. Founded in 1958 and incorporated in 1992, the company offers products across more than 28 categories, catering to passenger vehicles, commercial vehicles, two- and three-wheelers, and off-road segments. Its offerings are applicable to both internal combustion engine (ICE) and electric vehicle (EV) platforms.

The company operates 75 manufacturing facilities across countries including India, Indonesia, Vietnam, Spain, Mexico, and Germany. It also runs 37 research and engineering centers in locations such as India, Germany, Japan, Taiwan, Korea, and Spain. Uno Minda’s in-house design studio, INITIA, focuses on product design and development in line with industry trends around personalization, autonomy, connectivity, and electrification.

Uno Minda has established multiple joint ventures to strengthen its product capabilities. One such partnership is with Japan’s Onkyo Corporation for infotainment and automotive audio systems. Other collaborations with international technology providers support its product development and manufacturing processes.

The company holds a notable presence in the Indian automotive components market, particularly in the production of switches, lighting systems, horns, seating systems, and alloy wheels. Its aftermarket division provides parts and services across over 600 districts and 7,000+ pin codes in India, offering more than 25 product categories.

Uno Minda follows a set of values centered on quality, customer focus, innovation, and ethical business conduct. It also implements structured programs to support employee training, inclusion, and wellbeing.

With an annual turnover exceeding US$1 billion, the company continues to invest in its infrastructure and capabilities to support future mobility needs across conventional and electric vehicles.