Uno Minda Limited has finalized the purchase of the remaining 49.90% equity in its electric vehicle unit, UnoMinda EV Systems Private Limited, from German firm FRIWO Geratebau GmbH. The deal, valued at ₹141.28 crore, was officially confirmed on June 30, 2025.
The acquisition involved buying 1,69,66,000 shares from FRIWO GmbH, making UnoMinda EV a fully owned subsidiary. This move marks a key step in Uno Minda’s efforts to streamline its presence in the electric mobility sector.
The company had previously indicated, in a filing dated February 14, 2025, that discussions regarding the stake purchase were in progress. With this transaction complete, Uno Minda consolidates full control over its EV operations.
Headquartered in Manesar, Haryana, Uno Minda is a major supplier in the automotive components sector in India, producing items such as switches, horns, security systems, and EV-specific components. Its registered office is located in the Wazirpur Industrial Area, Delhi.
UnoMinda EV Systems Private Limited develops and supplies parts and technologies for electric vehicles. With the entire ownership now in-house, Uno Minda gains full authority over strategic decisions and operational management at a time when India’s electric vehicle market is experiencing rapid growth.
FRIWO Geratebau GmbH, which exited the joint venture, specializes in power supply systems and electronic components. The original collaboration was designed to combine FRIWO’s engineering know-how with Uno Minda’s local manufacturing and market presence.
The agreement was executed by Tarun Kumar Srivastava, serving as the Company Secretary and Compliance Officer at Uno Minda Limited. Required notifications were submitted to both the National Stock Exchange (NSE) and BSE in accordance with market regulations. Uno Minda’s solutions cater to two-wheelers, three-wheelers, passenger cars, commercial vehicles, and off-road vehicles.
With operations spanning over 15 countries, the company manages a network of more than 70 manufacturing units, engineering and design centers, and regional offices. It has established facilities in Asia, Europe, North America, and South America, and actively pursues joint ventures and collaborations to advance its technological capabilities.
Research and development remain central to Uno Minda’s strategy. The company operates modern R&D centers in India and internationally, focusing on innovation, process optimization, and new product development to stay aligned with industry trends and evolving regulations.
Aligned with national initiatives like “Make in India” and “Atmanirbhar Bharat,” Uno Minda continues to grow its manufacturing presence in India. Its operational strategy emphasizes sustainability, digitization, and safety, with a strong focus on creating long-term value for customers, partners, and shareholders.
Headquartered in India, Uno Minda operates through a network of state-of-the-art manufacturing facilities, R&D centers, and sales offices, serving both domestic and international markets. Known for its commitment to innovation and quality, Uno Minda collaborates closely with leading original equipment manufacturers (OEMs) worldwide, contributing significantly to advancements in automotive technology. The company’s strategic focus on sustainability, customer satisfaction, and technological excellence has established it as a trusted partner in the global automotive ecosystem
